Crypto Traders Accumulate Shiba Inu Amidst Market Recovery

Crypto Traders Accumulate Shiba Inu Amidst Market Recovery

Some of the richest crypto investors are pouncing on the meme coin Shiba Inu these days. This is happening amidst the crypto market recovery.

According to whale-monitoring platform WhaleStats, Shiba Inu is back within the top 10 most purchased altcoins in the last 24 hours by the top 1,000 non-exchange Ethereum whales.

Besides Shiba Inu, the largest Ethereum whales are also accumulating the decentralized oracle network Chainlink (LINK), Ethereum scaling solution Polygon (MATIC), smart contract platform Fantom (FTM), and decentralized exchange Uniswap (UNI).

Other coins on the list include stablecoins USD Coin (USDC) Tether (USDT) and Dai as well as ETH.

The online publication the Daily Hodl notes that one of the biggest altcoins buys this week includes a purchase from the richest Ethereum whale in the world.

The wealthy investor recently bought 49.99 billion SHIB worth about $1.20 million, according to WhaleStats.

Ethereum in the news

Ethereum’s founder Vitalik Buterin is addressing the invasion of Ukraine by Russia. He said that while Ethereum is a neutral project, he as a person is not.

He made sure to denounce Russia’s invasion and he took to Twitter to blast Russian president Vladimir Putin’s decision to launch the latest attack.

“Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead.”

He continued and said this:

“This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.”

As the online publication mentioned above notes, in another tweet, Buterin said that the top smart contract platform itself is impartial.


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