Over the past two days, this top Ethereum whale has bought over 105 billion Shiba tokens, while the coin’s adoption keeps expanding
As SHIB adoption continues to grow, a “Tolkien” whale has purchased another massive amount of SHIB in the past two days, making it 105 billion tokens, according to WhaleStats.
In the meantime, SHIB has been added to more ATMs, and more than 300 franchise requests have been received by Welly’s SHIB fast food chain.
Whale gobbles up 105 billion SHIB as it remains largest whale possession
According to tweets posted by crypto tracker WhaleStats, the Ethereum investor ranked 20th on the list of top 100 ETH whales provided by the service, “Bombur” bought a total of 54,045,382,286 SHIB earlier today and acquired a similar amount of 50 992 035 458 Shiba Inu tokens.
All in all, the investor paid roughly $1.5 million for these two chunks of Shiba.
Meanwhile, SHIB remains the largest holding of the first 100 whales on the Ethereum chain, being its largest holding by USD value. Overall, these investors keep just over $1.3 billion worth of Shiba Inu in their portfolios. It should be noted that this amount has gradually decreased this week, as the whales have gradually sold and converted the money into other cryptos.
SHIB adoption expands more widely
Over this week, Shiba Inu adoption has received a major boost. In particular, the second largest canine coin can now buy you a Porshe from Porsche Towson—the company’s only dealer in Baltimore.
Additionally, SHIB will be added to more crypto ATMs belonging to the Bitcoin of America chain. As for the food industry, Welly’s, an Italy-based fast-food chain that has chosen SHIB as its mascot, said it received more than 300 franchise applications recently.
