SHIB Whales Take Action Ahead of Major Event!

Anonymous wallets transferred 226 billion tokens just hours before SHIB reached a milestone. Meanwhile, the Shiba Inu token ShibaSwap (BONE) is getting a lot of attention from whales. What’s going on?

SHIB activity in whales

Twitter user Shibaplay shared that two major Shiba Inu transactions have taken place in the past 24 hours. Whales moved a little over 100 billion tokens with these transfers. The source recently reported that SHIB transfers worth $1,221,947 and $1,049,707 took place amounting to 121,829,226,162 and 104,656,752,200 meme tokens.

This was followed by 200 billion SHIB tokens, which were shifted in three parts, 70, 70 and 60 billion tokens. According to Etherscan data, these whales are redistributing crypto wealth. Holders staked approximately 120 billion SHIB from these transfers.

FCF Pay adds SHIB for crypto cards

Meanwhile, this popular crypto payment gateway has added SHIB to its prepaid cards. Thus, it is possible to use SHIB to pay for access to Netflix and to purchase goods from Amazon. The Twitter account of the FCF Pay crypto payment gateway reported the development. Accordingly, they added Shiba Inu to their prepaid debit card today. Prior to that, users were only able to top up these cards using stablecoins.

Earlier, the company reported on Twitter that crypto debit cards can be used to access goods and services on Amazon and Netflix. Now that means SHIB fans have the opportunity to pay with these two camel SHIBs.

BONE attracts great attention from whales

Shiba Inu management token BONE has become one of the most used smart contracts among the top 500 ETH whales in the last 24 hours. For this reason, whales benefit greatly. Notably, BONE’s smart contract usage for this whale category has increased by 100% in the last 24 hours.

At press time, BONE’s price rose 3.72% to $0.93. The reason for the increase in benefit is not fully known. However, the whales seem content to use another Shiba Inu ecosystem token while sitting in their SHIB wallet.

As you follow on Kriptokoin.com, whales continue to hodl SHIB, as seen at less active SHIB addresses in the last 24 hours, according to WhaleStats data. The Shiba Inu remains the largest holding of the first 1,000 ETH whales, currently holding SHIB worth $124,278,892.

SHIB is registering more ‘hodlers’ or long-term holders as the bear market develops. According to IntoTheBlock data, in terms of time held, by composition of holders, 36% of SHIB holders held their tokens for more than one year, 61% within a year and 3% for less than a month. By the way, at the beginning of 2022, the number of hodlers was much lower.