Collecting statistics from blockchain platforms, WhaleStats, the on-chain wallet tracker, provided information about the transactions of the largest thousand whale wallets in the last 24 hours. According to the site, along with half a trillion SHIB purchases, around $45 million in MANA tokens are also held in a hodling position. Meanwhile, some in the SHIB community expect the Ethereum merge to have positive effects on SHIB.
Whale wallets have SHIB, LINK, UNI, MANA
In a recent tweet, WhaleStats reported that since Monday, the largest Ethereum whales have purchased $6 million in SHIB, which equates to 475,435,816,164 SHIB at the current SHIB/USD exchange rate. On Monday, whales held more than $147 million in SHIB coins. Recently, WhaleStats reported that these wallets contain $153,202,373 worth of Shiba Inu.
https://twitter.com/WhaleStats/status/1567135800705310722
In the wallets, apart from SHIB, there are 113.8 million dollars of BIT and 66.5 million dollars of LINK. He also has $63.7 million MKR, $62.5 million LOCUS. On the other hand, UNI of 54,929 million dollars, MANA of 45.9 million dollars and MOC of 41,021 million dollars are also in the portfolio of whales. Twitter user Lucie Sasinkova tweeted that the upcoming Ethereum upgrade Merge will have a huge positive impact on SHIB and the Shibarium Layer 2 solution once it is released.
SHIB runs on Ethereum and Shibarium will also be released on this Blockchain. Lucie Sasinkova tweeted; “She expects SHIB to have faster transfers and lower fees, which could be the basis for mass adoption of SHIB,” she said.
Remember #SHIBARIUM is built on top of Ethereum as layer 2. The merge will affect us.
Faster transactions! After the last stage of sharding implementation, the fees could be as low as possible, which will encourage the crypto mass adoption .. $SHIB $BONE $LEASH pic.twitter.com/hrdU9kBcTM
— Lucie Sasinkova (@GossipShib) September 6, 2022
Almost a week left for Merge
Merge will take place on September 15, as we have also announced as Kriptokoin.com. Today, another major event is taking place in the Ethereum – Bellatrix hard fork that will prepare the Blockchain for Merge. Vitalik Buterin, co-founder of Ethereum, reminded the community of today’s hard fork. He reiterated that all stakers need to update their clients.
The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients!
— vitalik.eth (@VitalikButerin) September 6, 2022
Meanwhile, Bitcoin traded below $19,000 on Wednesday. ETH price flirted with $1,500 as cryptocurrencies followed traditional financial markets. At the time of publication, Bitcoin is trading at $18,794 on Coinbase, down about 5.9 percent in the last 24 hours, according to data from the exchange. Wednesday’s losses bring Bitcoin back to the $17,600 low range in 2022.
Ethereum’s losses over the past 24 hours are even greater than Bitcoin’s as it traded at $1,518, down 8.6 percent, according to data from Coinbase. Traders had been focusing on the local presence of Ethereum in the past few weeks before Merge. But despite the network going to proof-of-stake soon, the token is now in line with the broader financial markets.
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