SHIB Whales Take Action Ahead of Major Event!

Anonymous wallets transferred 226 billion tokens just hours before SHIB reached a milestone. In the middle, the Shiba Inu token ShibaSwap (BONE) is getting a lot of attention from whales. What’s going on?

SHIB activity in whales

Twitter user Shibaplay shared that two major Shiba Inu processes have taken place in the past 24 hours. Whales moved a little over 100 billion tokens with these transfers. The source reported that SHIB transfers at the price of $1,221,947 and $1,049,707 were made at the price of 121,829,226,162 and 104,656,752,200 chest tokens shortly before.

These were followed by 200 billion SHIB tokens, which were shifted in three segments, 70, 70 and 60 billion tokens. According to Etherscan data, these whales are again scattering their crypto wealth. Holders staked approximately 120 billion SHIB from these transfers.

FCF Shares adds SHIB for crypto cards

In the middle, this well-known crypto payment gateway has added SHIB to its prepaid cards. Thus, it is possible to use SHIB to pay for access to Netflix and to purchase goods from Amazon. The Twitter account of the FCF Shares crypto payment gateway reported the development. Accordingly, they added Shiba Inu to their prepaid debit cards today. Before that, users could only top up these cards using stablecoins.

Earlier, the company reported on Twitter that crypto debit cards can be used to access goods and services on Amazon and Netflix. Now this means that SHIB fans have the opportunity to pay with these two camel SHIBs.

BONE attracts great attention from whales

Shiba Inu administration token BONE has been one of the most used smart contracts amid the top 500 ETH whales in the last 24 hours. For this reason, it benefits greatly from whales. Notably, BONE’s use of smart contracts for this whale category has increased by 100% in the last 24 hours.

At press time, the price of BONE rose 3.72% to $0.93. The reason for the increase in benefit is not fully known. However, the whales seem happy to use another Shiba Inu ecosystem token while sitting in their SHIB wallet. As you can see from WhaleStats information, whales continue to hod SHIB, as seen at less active SHIB addresses in the last 24 hours. The Shiba Inu remains the largest holding of the top 1,000 ETH whales currently holding SHIB at $124,278,892.

SHIB is registering more ‘hodlers’ or long-term holders as the bear market develops. According to IntoTheBlock data, in terms of time held, according to the composition of holders, 36% of SHIB holders held their tokens for more than one year, 61% within a year and 3% for less than a month. In this middle, at the beginning of 2022, the number of hodlers was much lower.

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