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Ethereum whales amass 50 billion Shiba Inu worth $1.8 million

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Shiba Inu aka SHIB continued to attract tremendous network activity despite the price tumbling to 13% in the past four days. According to data provided by Whalestats that monitor activity for the 1000 biggest Ethereum [ETH] wallets addresses, an ETH large-cap investor purchased 50 billion SHIB tokens, nearly $1.8 million worth of the popular meme coin amid sharp price correction during the panic sell-offs in the crypto market.

That being said, the total holdings in the Jiraiya portfolio now account for about 1.6 trillion SHIB coins, valued at a whopping $59.6 million. The latest news comes after another large-volume investor scooped up close to a massive 100 billion tokens worth around $3.5 million, on the Binance Smart Chain, last Tuesday.

As a matter of fact, the asset enjoys massive support from high-worth investors. According to data on CoinMarketCap, its biggest whale holds over 410 trillion of the token, which is 41% of its total supply. In addition to that, recent moves by SHIB whales have impacted the price of the cryptocurrency to swing up and down because of their huge influence.

Earlier in November, the meme coin plummeted to a low of 21% after a big holder moved $2.3 billion worth out of the wallets, which triggered a panic reaction across the crypto market. A month earlier, Shiba Inu’s price climbed by 22% to hit a new peak, after another whale bought 276.6 billion coins, worth nearly $11.5 million. At press time, the asset is trading at $0.00003389 and has fallen by 3.87% in the past 24 hours.

Shiba Inu comes to Bitpay

After its listing across several exchanges another US-based digital firm, BitPay announced that its platform has accepted payments in Shiba Inu (SHIB), while consumers have the option to choose to either buy, store, or swap the digital currency in its inbuilt wallet app. Speaking on the same, Stephen Pair, CEO at BitPay noted,

“The Shiba Inu community is passionate about its coin and serious about giving those consumers places to spend SHIB. BitPay believes that more community involvement from coin holders supports awareness and adoption helping to move the blockchain industry to pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.”

Chainlink whales accumulate 3M LINK tokens amidst price surge

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Prominent oracle network, Chainlink [LINK] whales activity demonstrated mild signs of accumulation in the backdrop of price decoupling by more than 11% gain. As per the latest data provided by the on-chain analytic platform, Santiment the large-scale addresses holding 100K to 10 million LINK coins have amassed more than 3 million of the aforementioned assets as its price jumped back above $22 in the wee hours of 8th December 2021.

The latest whale behavior signals a beginning of a gradual accumulation growth phase after last week’s huge sell-offs that saw panic holders dumping about 24 million LINK coins. After the new addition, the whales now own 23.6% of the popular asset’s total supply.

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On the price front, LINK is one of the few cryptocurrencies that has managed to ascend higher despite overall tepid market conditions. At the time of writing, Chainlink’s price is changing hands at $21.87 while its 24-hour trading volume stood at $1.35 billion.  The 21st ranked coin rose by 8.93% in the last 24 hours and has a total market cap of $10.21 billion. The network’s rising utility and high-profile integrations along with a major appointment have impacted positively in the token’s price action.

Chainlink labs got its new Strategic Advisor

According to a recent press release, Chainlink labs announced that Eric Schmidt, a former Google CEO, has been appointed as a strategic advisor to guide the team in scaling the operation and ‘working to build a world powered by the truth’. Speaking on the latest appointment Chainlink co-founder Sergey Nazarov stated,

“Blockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption. Eric’s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency.”

Chainlink pioneers oracle networks to integrate real-world data with smart contract functionality built on blockchains. With the help of node operators such as Deutsche Telekom’s T-Systems, Swisscom, and the Associated Press, Chainlink’s network triggers and captures more than $80 billion in value locked in smart contracts across multiple blockchains in varied ecosystems like decentralized finance or DeFi, Insurance, and the gaming sector.

Shiba Inu [SHIB] whales accumulation spikes by 42% in 24 hours

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Shiba Inu [SHIB] whales went on a massive accumulation spree in the backdrop of its price surge. According to data on WhaleStats, the top 1k Ethereum wallets at the time of writing hold 42% more SHIB tokens in the last 24 hours. The latest development caused the Shiba Inu to soar by more than 35% in the day trade as the large-volume investors reaped the benefits. Typically these holders have a minimum balance of SHIB by least 2.5 billion tokens. If that’s the bare minimum, then one can imagine the sheer volume in the portfolio of the majority of whales.

Since the end week of July this year, whale movements in the Shiba Inu have shot up and from the month of this November, these large-scale holders have made good use of the recent dips and added loads of tokens to their portfolio.

As a matter of fact, on November 23, a Shiba Inu whale bought a whopping 850 billion coins worth $36 million during the dip. The recent purchase was preceded by a first-time SHIB investor who purchased up to 170 billion SHIB coins valued at $8 million during the dip on 17th this month.

Shiba Inu’s much awaited listing on Kraken Exchange

Previously Tronweekly had reported on the much anticipated Newegg listing of Shiba Inu to its catalog of the accepted modes of payment. After gaining entry across major exchanges, Kraken finally fulfilled its ‘overdue promise’ to allow the listing of the asset in its platform. According to the press release on Monday, the trading platform announced that asset deposits are open to users and trading is expected to start on Tuesday.

“Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution.”

At the same time, the exchange also clarified that the futures and margin trading service will not be available for the time being and will be traded only against USD and EUR at the moment.

At press time, SHIB is trading at $0.000051 USD with a 24-hour trading volume of $8.66 billion. The asset rose by 30.88% in the last 24 hours. The 11th rank asset has a market cap of $28.03 billion as per Coinmarketcap.