Binance has launched a promotional offer for new users to earn free Shiba Inu (SHIB) tokens. The new promotion was released as part of the “Binance Learn and Earn” educational project. Users who win the lottery will receive 45,000 Shiba Inu. However, winners will have the advantage of staking their meme coins for 150 days. Staked SHIBs will reward their holders with 100% APY.
Big SHIB prize from Binance exchange
As stated in an official blog post, until the end of June 9, users who register and verify their identity on Binance are eligible to participate in the sweepstakes. The raffle will continue until the SHIB resources allocated by the exchange for the promotion are exhausted. In March, Binance announced that Shiba Inu is giving away a $100,000 giveaway for new users.
In fact, the exchange first listed the meme coin in May 2021, making it one of the first major trading platforms to adopt the Shiba Inu. Shiba Inu began trading on the company’s US-based subsidiary, Binance.US, in September of the same year. The exchange continues to support SHIB, with Binance Custody, its oversight arm, which lists the Shiba Inu. In addition to all this, Binance added a new SHIB pair at the beginning of last month. The pair included SHIB/GBP.
A whale buys massive Shiba Inu
The WhaleStats crypto tracking service is spreading news of another major recent Shiba Inu acquisition. Accordingly, an Ethereum whale bought 187 billion SHIB, expanding its basket. The purchase order was placed by “BlueWhale0159”. The leading ETH wallet paid $1.98 million for 187 billion meme coins. In fact, this wallet holds the majority of its portfolio in USDC, a dollar-pegged stablecoin. 95.38% of that. It consists of crypto investments on the Ethereum chain: A total of $241.7 million.
According to this investor’s wallet, he had already sold a large amount of Shiba Inu assets. WhaleStats reveals that the Shiba Inu is currently on both the top 10 most bought cryptocurrencies list and the 10 best sold cryptocurrencies list. Therefore, the popular meme coin continues to drop despite the acquisition news.
Whales’ SHIB holdings fell below $500M
Major ETH investors are emptying their SHIB baskets, according to the WhaleStats website. The data shows that the overall Shiba Inu balance of Ethereum whales is currently less than $500 million. The total assets of these whales in meme coin are currently around $495 million. In addition, Shiba Inu make up 11% of their portfolio. Thus, Shiba is the crypto currency that whales are most interested in after FTX. At the time of writing, the meme token was changing hands at $0.00001068.
Shiba Inu payment method in 180 countries
As we have reported as Kriptokoin.com, meme coin is currently used as a payment method in 179 countries. This increase in adoption comes after the recently announced BitPay and unattended wallet Edge integration. BitPay and Edge have more than 1.7 million accounts worldwide. Payments in SHIB and other cryptos are now available to over 200 million users worldwide.
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