Shiba Inu’s utility has spiked among whales as WhaleStats reports that SHIB ranks among most-used smart contracts
Shiba Inu Whales have been more active in the last 24 hours. WhaleStats’ analysis of the top 100 Shiba Inu owners reflects a 44.44% increase in active addresses as crypto whales interacted with billions of Shiba Inu.
Shiba Inu’s utility has spiked among whales as WhaleStats reports that SHIB ranks among one of the most used smart contracts among the top 2,000 ETH whales in the last 24 hours. The top 5,000 ETH whales now own $603,009,840 worth of SHIB.
Also, Shiba Inu gained more owners in June. According to WhaleStats, the total number of SHIB holders is currently at 1,177,885. At press time, SHIB was trading down almost 7% at $0.000009, in line with recent declines in the crypto market. This caused the average Shiba Inu balance and whale value to drop.
Shiba Inu lead developer expounds on NFT plans with 2,000 Welly NFTs minted so far
According to SHIBQueenie, the official SHIB Discord moderator and member of the Growth Breed, more than 2,000 Welly NFTs have been minted so far.
Shedding some light on the purpose of Welly NFTs, lead Shiba Inu developer Shytoshi Kusama states that NFTs were created to act as membership instruments that act as smart contracts for particular Welly locations. He says that was the only reason for the low price of 0.12 ETH to begin with.
Furthermore, although this is subject to change, the goal is to reward DOG members or Welly NFT holders every quarter and have decisions made via the SHIB BONE (DOGGY) DAO on monthly proposals or as needed.
Continuing further, the Decentralized Organizational Group, or DOG, acts as a special entity within the Welly site(s). This entity operates through a set of “Smart Contractors” who have optional DOG membership by holding a Welly NFT. The DOG structure is still under development.
