After hitting eight-month lows in mid-June amid the broader drop in cryptocurrency values, the Shiba Inu token (SHIB) is attempting to recoup its strength, but the rebound now seems to be reversing.
However, a large amount of Shiba Inu tokens have been transferred during the past four hours. Two of these four transfers were made with the help of the Binance exchange. Meanwhile, the Shiba Inu continues to hold the top spot in the ETH whale assets it reclaimed earlier this week.
200,000,000,000 and 158,081,037,000 SHIB have been exchanged in large amounts between anonymous digital wallets, according to Etherscan. On the Binance exchange, two transactions each containing 100,000,000,000 Shiba Inu were purchased and transferred to the address 0xef686ec84eea2eae6f59cbc704d05b939f8fb385. The estimated value of these 200 million SHIB is $2,224,000.
Shiba Inu once again holds the title of largest holding in the top 100 largest wallets on the Ethereum chain as of two days ago. The top ETH whale has since invested an additional $4 million in the Shiba Inu, but it has been able to keep it. The same number of meme tokens is 361,010,830,324. They now have $136,956,295 compared to two days ago, when they had $132,953,632, according to data from the WhaleStats wallet tracker.
Eternity Game Does Not Seem to Act as a Catalyst
The Shiba Inu ecosystem is back with a new significant announcement and a strategy to broaden its reach. However, because of the choppy market, the second-largest meme’s cryptocurrency values are trading under significant selling pressure.
According to SHIB, the much awaited Shiba Eternity game download date has been set. On October 6th, 2022, the SHIB community at large can download and play the game. Despite this announcement, the price of the Shiba Inu hasn’t changed much in the interim. There has been a slight increase in SHIB prices in the last few days. However, its prices increased by just 3% in the last week.
