Shiba Inu was showing small gains in accordance with the recent crypto market relief rally, according to CoinMarketCap statistics. SHIB was trading at $0.00001080 at the time of publication, up 3.32 percent in the previous 24 hours. The crypto market was under pressure at the start of the week as investors were misled by macroeconomic concerns.
According to WhaleStats, two Ethereum whales have just piled up on approximately 534 billion SHIB. This was accomplished in three large transactions.
The Ethereum whale “Gimli,” rated 248th on WhaleStats, purchased 187,000,000,000 SHIB worth $1,991,550 in a single transaction.
Previously, top whale “Gimli” purchased 199,999,999,999 SHIB valued $2,075,999, as reported by WhaleStats.
The Ethereum whale “Gimli” mostly wagers on SHIB, as seen by a peek at his wallet (address), which shows Shiba Inu as his largest holding. “Gimli” has 391 billion SHIB in his wallet, which is worth $4,312,591.
In recent hours, the top ETH whale, “BlueWhale0159,” which is rated 373rd on WhaleStats, also snagged 147,000,000,000 SHIB worth $1,556,730.
Shopping.io is in discussions with the Shiba Inu team.
Shopping.io, an e-commerce company that allows users to shop and pay for things using cryptocurrencies on big merchants like Amazon, Walmart, eBay, and Etsy, appears to be in discussions with Shiba Inu. The specifics of the conversation were unknown at the time of publication.
Indications of this appeared on July 26 when Milkshake, a Shiba Inu-focused Twitter account, tweeted about a meeting with Shopping.io. This tweet was also published by the e-commerce website as an apparent confirmation.
In response to Milkshake’s post, Arbel Arif, CEO of Shopping.io, tweeted, “Big things coming to Shibtoken + shopping io,” detailing the meeting to a crypto user.
Interestingly, SHIB is one of the tokens supported by Shopping.io, raising the question of the nature of the impending collaboration.