Shiba Inu Sets Records for Whale Accumulation in the Trillions

  • Shiba Inu (SHIB) has risen 10% as whales stockpile tokens in anticipation of a World Economic Forum partnership.

  • Whales bought the downturn, causing a cryptocurrency market rise. Whales accumulated almost a trillion Shiba Inu tokens in the last day, and transaction volume topped a trillion.

24 Nov 2022 By: Shailja Joshi
Shiba Inu Sets Recor

Shiba Inu (SHIB) has seen a 10% price surge as whales accumulate trillions of SHIB tokens in anticipation of possible collaboration with the World Economic Forum.

Whales seized the opportunity to buy the downturn, which resulted in a big spike in the cryptocurrency market. Whales have accumulated over a trillion Shiba Inu tokens in the last day, while transaction volume has surpassed a trillion. The World Economic Forum has requested Shiba Inu to work with it on global policy as part of the action being done (MV).

Due to this, SHIB price has risen by about 10% in the last day and is presently trading at $0.0000090.

The Shiba Inu rises 10% despite a massive whale accumulation.

On November 23, Shiba Inu's principal developer Shytoshi Kusama tweeted that the World Economic Forum was interested in working with Shiba Inu. Thanks to a poll created by Shytoshi Kusama, the community can now decide whether Shiba Inu should cooperate with the World Economic Forum on metaverse policy.

In order to create a global strategy for the MV, "We would be at the bargaining table with decision-makers and collaborate with other industry heavyweights like FB (bye, Zuck), Sand, Decentraland, etc. Please don't ask because you already know what I think.

Nearly 63% of those surveyed decided to work with the WEF, citing things like expanding adoption and SHIB potential. The community as a whole decides to finish the Shibarium improvement first.

The deal led to whales amassing trillions of SHIB tokens. A whale recently made a purchase of almost 432.30 billion SHIB tokens, and another whale contributed 1.29 trillion SHIB tokens.

In addition, a total of 134,952,334 SHIB tokens have been burned in 10 transactions over the past 24 hours. Actually, 127,821,443 SHIB tokens were burned in a single operation, according to ShibBurn.

10% Price Increase for SHIB

Shiba Inu's (SHIB) price has risen by approximately 10% in the last day. SHIB is now trading for $0.0000090. The 24-hour average is $0.0000090, while the low and high values are both $0.0000082.

Trading volume soared by a record-breaking 7.2 million percent as whales gathered trillions of SHIB tokens. The Shiba Inu price is seeing resistance near $0.0000092. If the price crosses the barrier, SHIB will easily retake the $0.000010 level.