384 Billion SHIB Bought by Major SHIB Whale, FLOKI Surpasses SHIB and DOGE by Trading Volume, John Deaton on BTC Possibly Hitting $10,000: Crypto News Digest by U.Today
Take a look at what has happened in the world of crypto by reading Cryptooshala’s top four stories.
Big whale SHIB buys 384 billion Shiba Inu ahead of upcoming Shibarium release
Data provided by Etherscan shows a large SIB transfer what happened yesterday. The deal was a purchase made by major whale SHIB with 89.1 billion meme tokens worth $1,176,641. Within the last 10 days, the same whale bought three more pieces of SHIB: SHIB 205,555,605,147; 12 181 709 185 SHIB and 77 688 299 046 SHIB. These purchases, including yesterday’s, total approximately 384 billion dog-themed coins. According to SHIB lead developer Shitoshi Kusama, the whale acquired such a large number of SHIBs ahead of the Shibarium launch, which was expected this week. However, as the week draws to a close, the community’s hopes for the promised release have begun to slowly fade.
Shiba Inu (SHIB), Dogecoin (DOGE) Outperforms FLOKI in Trading Volume: Possible Reasons
According to a “fun fact” shared by floki inu official twitter, the token currently has more trading volume than Dogecoin and Shiba Inu on the major exchanges that recently listed it – Kucoin, OKX, Huobi and a few others. Thus, according to the tweet, FLOKI continues to prove that it is a “worthy member of the trilogy of meme coins” along with SHIB and DOGE. This is not the only good news for those who support the Viking-themed coin. Yesterday FLOKI announced a strategic partnership with the legendary cricket team The India Maharajas, becoming its sponsor. This will allow the token to be introduced to 700 million cricket fans around the world and receive wide coverage in major cricket games.
Bitcoin (BTC) Could Hit $50,000, CryptoLaw Founder Believes, But There’s One Catch
John Deaton, a supporter of the Ripple cryptocurrency and founder of CryptoLaw, shared his opinion on a tweet saying that the crypto community on Twitter is now speculating about whether bitcoin will fall below the $10,000 mark. Deaton wrote that no matter what BTC price predictions people make, whether it’s rising to $50,000 or falling to $10,000, no one really has any idea how the flagship cryptocurrency will perform. The lawyer then added that perhaps if Bitcoin first falls to a low of $10,000 and then to a high of $50,000, it will please both bullish and bearish investors and “everyone will be right.”
Shiba Inu (SHIB) Gets New Listing Against Korean Won, Here’s Why It’s Good
According to a recent announcement by Korean crypto exchange Bithumb, shiba inu the token can now be exchanged for the national currency of the republic, the South Korean won. Thus, the new listing of the meme token on yet another exchange helped it grow and expand even more in a highly liquid market. This is not the first Shiba Inu venture into the country’s cryptocurrency space this year, with another major Korean cryptocurrency exchange, Upbit, listing a month earlier. Shiba Inu vs KRW. At the time of writing, the SHIB token is changing hands at a price of 0.0171 KRW.
Credit : u.today