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Enormous Purchases of Shib Again! Why Are Ethereum Whales Buying And Holding HUGE Amounts of Shiba Inu Tokens Lately?

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As we see every day another whale has just purchased 47,491,172,343 Shiba Inu Tokens Values at over 1.3 Million USD according to whale stats.

This is not an isolated incident as Whales are continually purchasing enormous amounts of the Shiba Inu Token. People have questioned these as pump and dump purchases but this is far from the truth. Actually, this is an outright lie as these whales are holding Shiba Inu and have yet to make any major sales over the last 6 months.

When we look at the holdings of Wallets many whales including the Ethereum Whale dubbed “GIMLI” purchased another 11.3 Million Dollars worth of the cryptocurrency. On top of that in just 72 Hours whales have now accumulated over 700 Billion Shib! The total Holding of Shiba Inu now stands at $1,449,817,722.50 equalling TRILLIONS of Tokens as can be seen from WhaleStats. Shiba Inu has been in first and second place of whale holdings for months as they keep accumulating more of the Crypto Token.

So what are whales seeing that you may be missing? The Future. In case you missed it the timeline for the Shib Development has been announced. Multiple projects that the devs have been working on will be released in 2022. This could equal a huge boost for the crypto asset. Shibarium, SHI, Metaverse, and burn mechanisms are all becoming a reality. When Shib reached a Market Cap of 30 Billion back in October of 2021 the price of the coin shot to .000072. If just Shibarium is released, which could reduce ETH gas fees by as much as 90%, in our opinion we can easily see Shiba Inu surpassing these numbers. If all three are to be released numbers could hit ATH’s.

Another thing whales are looking at is the utility of the token. According to the Shib Team, ALL aspects of the Shib Ecosystem will have a Shib Burn function except for the games. Whales see this as the opposite of Fiat Currencies which are inflationary in nature as they can be printed as needed. Shiba Inu on the other hand will continue to appreciate in value as the coins are burned and supply is reduced. This is not the case with other crypto coins like Bitcoin and Doge Coin. Doge in particular is inflationary in nature as it acts in the same way that FIAT currencies do. We are not putting down BTC or DOGE but just stating the facts of how they work.

Over time, Shiba Inu, if all is in place as stated, should surpass many of the cryptocurrencies on the market today. This is good news for all of the tokens in the Shiba Ecostem including Shib, Bone, Leash and Soon-to-be SHI.

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