Shiba Inu crypto ecosystem dropped its most anticipated Shiba Eternity, a CCG game, amid volatile market conditions. However, on the official download day (October 6) expectations failed to raise Shiba Inu prices.
Shiba Inu crypto rising?
Meanwhile, following the launch of SHIB’s official game Shiba Eternity, a whale purse has shown a huge interest in the meme token.
According to the Whalestats, a whale wallet added about $19.39 million to Shiba Inu crypto amid the price drop. The whale added 1.7 trillion SHIB tokens to its wallet in one transaction. Data states that this whale accumulation was done through the Huobi Crypto exchange.
It should be noted that this move of whale has landed amid the recent price drop of Shiba Inu crypto. However, the global crypto market capitalization has fallen another 2% in the past day. It now stands at about $954 billion.
However, this recent drop is driven by another crypto exploit that has hit the industry with a shock. According to reports, the Binance Bridge hacking incident led to the BSC network being suspended for long hours. BSC said about $100 million to $110 million would have been taken from the chain.
Meanwhile, about $7 million was initially frozen by the Binance team.
However, Shiba Inu crypto prices have fallen by 3% in the past 24 hours. This drop is recorded after the official game’s launch. SHIB is trading at an average price of $0.000011 at press time. It still has a market cap of approximately $6.12 billion amid volatile market conditions.
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication is not responsible for your personal financial loss.
This post 1.7 Trillion Shiba Inu Crypto Added By Whales Amid BSC Hack
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