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Shiba Inu is up 114% year-to-date, with Ethereum whales increasing interest as they accumulate SHIB and Remittix for cross-border payments.
The price of Shiba Inu is up over 114% year to date, indicating increasing bullish momentum, despite falling over 11% in the last 30 days. As the holidays approach, Ethereum whales are in the process of accumulating their holdings of DeFi tokens and meme coins like SHIB, as reports highlight a significant move by whales to withdraw ETH from exchanges.
Interest in Shiba Inu is already increasing, as evidenced by the recent surge in large transactions thanks to the favor of Ethereum whales. Viewers expect Shiba Inu to rise above its meme coin status thanks to the developments initiated in its ecosystem.
Ethereum whales are also accumulating Remittix, a promising PayFi project built on the Ethereum network. Remittix is revolutionizing cross-border payments with an intuitive design that allows non-crypto users to receive payments in crypto.
Ethereum whales are withdrawing Ethereum from exchanges as the bull market begins
Ethereum price had briefly broken through the $4,000 resistance level as Ethereum spot ETF registered inflows exceeded $100 million. This is a key indicator of Ethereum’s increasing institutional appeal and comes at a time when Ethereum whales are accumulating even more ETH and taking it off exchanges.
While the price of Ethereum is…
