Shiba

Sponge

Bonk

Shiba Inu

Time

<p class="is-style-lead">A sharp increase in Shiba Inu (SHIB) demand has drawn the attention of whales. Meanwhile, there is renewed interest on Sponge V2 as its buy-and-stake campaign nears $2 million.</p> 
<h2 class="wp-block-heading" id="strong-whales-activity-shakes-shib-as-broader-network-usage-grows-strong"><strong>Whales activity shakes SHIB as broader network usage grows</strong></h2> 
<p>Shiba Inu is pivoting from a meme coin to an all-in-one blockchain ecosystem.&nbsp;</p> 
<p>The move is drawing investor interest, causing whales to accumulate SHIB.</p> 
<p> You might also like: <a href="https://crypto.news/shib-price-climbs-20-as-shibarium-launch-nears/"> SHIB price climbs 20% as Shibarium launch nears </a> </p> 
<p>According to the Shiba Inu, large SHIB transactions have increased by 1,314%.&nbsp;</p> 
<p>The tweet explained that one transaction involved over 4.2 trillion SHIB being transferred from an unknown wallet, “adding a layer of mystery to the already captivating narrative.”</p> 
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   <p lang="en" dir="ltr">Large transactions involving <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SHIB</a>, valued at $100,000, have skyrocketed the price surge by 1,314% within the last 24 hours.<br><br>14 hours ago <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SHIB</a> was transferred to an unknown wallet, added a layer of mystery to the already captivating narrative.<br><br>2024 is for <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SHIB</a> 🚀<a href="https://twitter.com/hashtag/Shibarmy?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Shibarmy</a> <a href="https://t.co/Vckjr5rozx" target="_blank">pic.twitter.com/Vckjr5rozx</a></p>— Shiba Inu (@ShibainuCoin) <a href="https://twitter.com/ShibainuCoin/status/1742137967051718813?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 2, 2024</a>
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<p>While the transaction remains cryptic, SHIB burns have played a role in the growing Shiba Inu interest.</p> 
<p>Shiba Inu’s response to the Ethereum scalability problem, Shibarium, has seen over 21 million wallets created.&nbsp;</p> 
<p>Meanwhile, high network activity has provided significant transaction fees to the Shiba Inu team, which recently burned <a href="https://coinstats.app/news/445c255ef74d63ac3dd8019115c9c5adb07017f93acdcf812f763f1231f9a1d0_Shiba-Inu-Unleashes-Inferno-8.6-Billion-SHIB-Tokens-Vaporized-in-24-Hours-Burn-Rate-Explodes-160598/" target="_blank" rel="noopener">8.6 trillion SHIB in one 24-hour window</a>.</p> 
<p>The token burning has continued since, with over <a href="https://www.shibburn.com" target="_blank" rel="noopener">12 million SHIB destroyed</a> in the last 24 hours, a 310% increase.&nbsp;</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/1R27fbG5_EXm0CMmpeZZglrDy-w80lkV8sap2fXwtjXVNGi-LOjDxNGuHS5StWp0Cj91VFrfsgt5MnkPCxFRj5p72INGWRuAx_o0Z0Ta9jBg6LK-p0YvGBHruVoVjBmgsLNTGcpNE0BOWK4vJvTaLgY" alt="Whales accumulate Shiba Inu as Sponge also sees growing holder numbers - 33" style="width: 100%;height:auto">
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<p>Shiba Inu’s decreasing supply is a source of excitement for many in the Shiba Inu community.&nbsp;</p> 
<p>Coupled with the growing utility derived from its <a href="https://crypto.news/solana-flips-ethereum-in-7-day-stablecoin-volume/" data-type="post" data-id="14233582">Ethereum</a> layer-2 Shibarium and other ecosystem advancements, SHIB tokenomics are moving towards high demand and low supply.</p> 
<p> You might also like: <a href="https://crypto.news/shiba-inu-burn-rate-soars-despite-shibarium-concerns/"> Shiba Inu burn rate soars despite Shibarium concerns </a> </p> 
<p>The Shibarium blockchain explorer data <a href="https://www.shibariumscan.io/stats" target="_blank" rel="noopener">shows</a> that transactions on the network recently crossed 240 million, up from just 25 million on December 3, 2023.</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/Uop17NjKtkWKfpjycuzEhJTI3dlvsmUM--91cYZSU4lr3ldIttQzsadG4UtzcQBqKuH97dOjrX0H-ZM-ciS2uWjEXGdo--XUuWbzvGozKrPDYYvFc_75QyKZPHS0EH6P1uXYjMV9rHNTi0pMbWtY2o0" alt="Whales accumulate Shiba Inu as Sponge also sees growing holder numbers - 34">
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<p>With that, optimism surrounding the Shiba Inu price is growing. </p> 
<p>For instance, SHIB Bezoz recently forecasted a 740% increase that would propel SHIB to it’s all-time high.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SHIB</a> MASSIVE PUMP IS DUE🚀<br>With a similar breakout that sparked a <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SHIB</a> ‘s price run to All Time Highs recently taking place again, these prices now can be All Time High ready again and a &gt;8X (Over +740% Gain) can take them there…<a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ShibaInu</a> <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Shibarium</a> <a href="https://twitter.com/hashtag/SHIBARMY?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SHIBARMY</a> <a href="https://twitter.com/hashtag/BONE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BONE</a> <a href="https://twitter.com/hashtag/LEASH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#LEASH</a> <a href="https://t.co/0aMYW6SKjY" target="_blank">https://t.co/0aMYW6SKjY</a> <a href="https://t.co/13l62QiPUe" target="_blank">pic.twitter.com/13l62QiPUe</a></p>— SHIB Bezos (@BezosCrypto) <a href="https://twitter.com/BezosCrypto/status/1741997434694496647?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 2, 2024</a>
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<p>However, traders must remain aware that the SHIB price has yet to confirm a trend reversal after its drawn-out bear market downtrend.</p> 
<p>It has continued to create lower lows and lower highs on the price chart, so traders may be better poised awaiting a more decisive swing before buying in.</p> 
<p>However, those seeking a better alternative may choose to explore Sponge V2, a second iteration of the Sponge token.</p> 
<h2 class="wp-block-heading" id="strong-meme-coin-sponge-v2-nears-2-million-in-buy-and-stake-campaign-strong"><strong>Meme coin Sponge V2 nears $2 million in “buy-and-stake” campaign</strong></h2> 
<p>Alongside the rise of PepeCoin (PEPE) in May 2023, <a href="https://bs_0b2c3363.crypto-news.care/?referrer=whales-buy-up-shiba-inu-as-sponge-token-also-sees-growing-holder-numbers" target="_blank" rel="noopener">Sponge</a> was also trending.</p> 
<p>Paying homage to SpongeBob SquarePants, the project quickly garnered over 13k holders, 30k social media followers, and a $100 million market cap.</p> 
<p> You might also like: <a href="https://crypto.news/sponge-v2-and-gorilla-lead-meme-coins-as-bonk-falls/"> Sponge V2 and Gorilla lead meme coins as Bonk falls </a> </p> 
<p>It secured listings on over ten centralized exchanges and netted early investors over 100x returns.</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/YEvf-JuUlMt9C8YbMCYGZeww5KC0FB5IHCjWZyJtvPkzJ1ot2tE86dDWMJ71EYVqc0n05kH6JDTrfIs9C1fRf1Rg8LighFIas6floABGn82AglY7uiL6Ub_ftByAI6Fic-6gyprwGMRVIV79HwbIvWE" alt="Whales accumulate Shiba Inu as Sponge also sees growing holder numbers - 35">
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<p>However, with new meme coins like Bonk posting sharp gains, the Sponge team has returned with Sponge V2, aiming to absorb the overflowing meme coin liquidity.</p> 
<p>The revamped project features an immersive play-to-earn racing game. This offers utility and a fun way for users to earn crypto.</p> 
<p>According to its roadmap, Sponge V2 will target “bigger and better exchanges.”</p> 
<p>Analysts are notably bullish on Sponge V2, with Crypto Gains speculating that Sponge V2 could 100x like the original version.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="🔥 SPONGE V2! Can This 100X Like The 1st One Did! (MEGA URGENT!!)" width="1020" height="574" src="https://www.youtube.com/embed/e4QUlXJWuag?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>Meanwhile, Micahel Wrubel explained how he made a 100x ROI on Sponge and is optimistic about Sponge V2’s future.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="I JUST MADE $100K FROM A MEME COIN (Part 2) | SpongeV2" width="1020" height="574" src="https://www.youtube.com/embed/9Dcmhqnri24?start=45&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>Currently, the only way to get Sponge V2 is via the buy-and-stake campaign on the Sponge.vip website.</p> 
<p>When you buy Sponge, your tokens will be locked and earn a staking yield until the campaign ends.</p> 
<p> Read more: <a href="https://crypto.news/meme-kombat-sponge-v2-among-5-meme-coins-that-may-rival-pepe/"> Meme Kombat, Sponge V2 among 5 meme coins that may rival PEPE </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Whales accumulate Shiba Inu as Sponge also sees growing holder numbers

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