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Major Shiba Inu ($SHIB) holders have been accumulating trillions of $SHIB tokens recently, leading analysts to speculate that large investors are gearing up for a potentially explosive rally.
These so-called “whales” appear to be stockpiling $SHIB in anticipation of a price spike, which many believe could occur around the launch of the Shibarium scaling protocol.
Meanwhile, investors are also flocking to purchase the emerging meme token Shibie Coin ($SHIBIE) amid the current Shiba Inu hype, which has seen the project’s presale raise over $195,000 in early funding.
Whales Accumulate Trillions of $SHIB As Major Catalysts Loom
According to data from WhaleStats, the top 100 $SHIB whales now control 31% of the total supply, each boasting an average balance of 3.14 billion tokens.
This rapid accumulation may indicate that big investors are gearing up for significant price appreciation, sending a bullish signal to the rest of the market.
A recent tweet from LucieSHIB, a member of the Shiba Inu ecosystem with over 91,000 followers, highlighted that one whale even added 4.41 trillion $SHIB tokens to their wallet on August 6.
Based on the $SHIB price at the time, this equated to a whopping $40.4 million worth of the token.
The Whale Alert Twitter account, which has an audience of over 2.2 million people, even noted another transaction of 4.36 trillion $SHIB tokens less than 24 hours ago.
This transaction was valued at over $39.2 million – evidence that wealthy investors are continuing to take huge positions in anticipation of significant catalysts ahead.
$SHIB Whales Load Up Ahead of Imminent Shibarium Launch
Perhaps the biggest catalyst whales are likely anticipating is the launch of Shibarium – Shiba Inu’s highly anticipated layer-2 solution.
Shibarium is expected to go live after a Toronto conference in August, meaning it could now only be weeks away.
Shibarium aims to substantially reduce $SHIB transaction fees and improve speeds, which may potentially increase demand for the token.
Given that the mainnet’s launch is slated to occur soon, whales appear to be stockpiling tokens to maximize gains from the potential buying frenzy upon release.
If Shibarium can deliver tangible utility improvements for $SHIB, the token’s price could take off – handing whales sizable profits.
With CoinGecko sentiment analysis detailing that 76% of the community is “feeling good” about Shiba Inu, the stage may be set for a prosperous few months for $SHIB.
Presale Buzz Builds Around Shibie Coin Ahead of Upcoming DEX Launch
While whales are loading up on Shiba Inu, speculative crypto investors have also been jumping into a new meme coin called Shibie Coin ($SHIBIE) amid the recent hype.
$SHIBIE brands itself as a fusion between Shiba Inu and Barbie, aiming to make its mark on the saturated meme coin space.
The project has already raised over $195,000 in its ongoing presale phase as buyers seek early exposure to a potential breakout star.
As noted in Shibie Coin’s whitepaper, 60% of the 10 billion token supply is being offered to presale investors before decentralized exchange (DEX) listings commence.
The meme coin’s detailed roadmap and focus on community-building have further stoked excitement – with many early adopters hoping $SHIBIE can produce gains reminiscent of early $DOGE and $SHIB.
This buzz is evidenced by the rapid growth in Shibie Coin’s Telegram channel, which now boasts over 1,200 members at this early stage.
Several crypto influencers have also taken note of $SHIBIE’s potential, including YouTuber Crypto Gains, who praised the project in a recent video to his 107,000+ subscribers.
While the meme coin market remains unpredictable, Shibie Coin’s presale traction and clever branding could position it as a token to watch in the coming weeks.
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