Only That Altcoin Has Flyed Today: Whales Are Running To It!

Altcoin: Popular meme coin Shiba Inu (SHIB) continues to unveil its projects. This causes whales to flock to SHIB. With the whale attack, the altcoin price has increased by more than 50 percent. In addition, SHIB maintained its position as the largest token held by whales.

Whales bought, altcoin price went up!

During the week, exactly on June 21, the Shiba Inu became one of the biggest winners in the crypto market. The popular meme coin is up over 50% sharply on a weekly basis.

This rally helped SHIB secure the top crypto position of the top 100 Ethereum whales. This position continued to hold during press time. Blockchain data tracker WhaleStats shared the latest data. Accordingly, the top 100 ETH whales are currently holding SHIB worth $594,171,595, which is 14.48% of their holdings.

Also, the Shiba Inu was trading at $0.00001148, up 5.78% on a daily basis at press time, according to CoinMarketCap.

Altcoin profitability and number of holders increase

The profitability of the popular meme coin Shiba Inu (SHIB) rose to 22%, according to IntoTheBlock data. Similarly, the number of Shiba Inu holders rose to 1,188,659 at time of writing, showing the growth in June.

Unification shared information on the latest Shibarium updates. Accordingly, the Shibarium Private Alpha TestNet has been running effectively for several weeks. It is currently undergoing development to prepare for public Beta TestNet distribution. The wallet application, which will facilitate two-way asset transfers, staking/delegation between L1 and L2, and Shibaswap integration in later versions, are the main tools currently under active development.

Shibarium Public Beta TestNet launch in Q3 As we have reported, the launch of the Shibarium Public Beta TestNet is scheduled for Q3. This will provide full network interaction for users, including the verification process. Shiba Inu’s community-specific Twitter account, ShibaInuart, shared his expectations when the beta phase started:

Once the Shibarium Public Beta TestNet planned for deployment becomes active, the workflows of key areas for those interacting with the blockchain environment will help evaluate: Performance benchmarking, usability optimization, and architecture stabilization.


Eyes on Switchere and Shiba Inu

Shibainuart expressed his gratitude to the Switchere team for taking the time to learn about the Shiba Inu trio: SHIB, BONE and LEASH. He also said that all eyes are on Switchere’s Shiba Inu ecosystem listing right now.

Earlier in the week, crypto exchange Binance provided tracking of BONE. This led to speculation about a possible listing.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.