Tomiwabold Olajide

Shiba Inu’s utility has skyrocketed among whales as WhaleStats reports SHIB is among the most widely used smart contracts

Shiba Inu Whales have been more active in the past 24 hours. WhaleStats’ analysis of the top 100 Shiba Inu holders reflects a 44.44% spike in active addresses when crypto whales interacted with billions of Shiba Inu.

Analysis of the top 100 Shiba Inu holders, courtesy of: Whale Statistics

The usefulness of Shiba Inu has skyrocketed among whales as WhaleStats reports that SHIB is one of the most widely used smart contracts in the top 2000 ETH whales in the last 24 hours. The top 5,000 ETH whales now own $603,009,840 worth of SHIB.

JUST INSIDE: $SHIB @Shibtoken one of the MOST USED smart contracts from the top 2000 #ETH whales in the last 24 hours🐳

We also have $MANA† $AMP† $MATIC† $SAND † $LINK on the list

Whale standings: https://t.co/R19lKnPlsK#SHIB #whalestats #babywhale #BBW pic.twitter.com/fkFbNZMoFb

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) June 11, 2022

Shiba Inu also gained more holders in June. According to WhaleStats, the total number of SHIB holders is currently 1,177,885. At the time of publication, SHIB was trading close to 7% at $0.000009, in line with the recent declines in the crypto market. This has caused the average Shiba Inu balance and the value of whales to drop.

Shiba Inu Lead Developer Explains NFT Plans With 2,000 Welly NFTs So Far

Over 2,000 Welly’s NFTs have been minted! Congratulations @wellyfriendsso proud of your efforts and coming back so strong after the Discord attack

For everyone who is still curious about #WellyFriends read @ShytoshiKusama‘s newest medium https://t.co/2vFIEF0tYv #NFT #NFTMint

— SHIBQueenie (@SHIBQueenie) June 10, 2022

According to SHIBQueeniethe official SHIB Discord moderator and member of the Growth Breed, more than 2,000 Welly NFTs have been minted to date.

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Shiba Inu’s lead developer, Shytoshi Kusama, sheds light on the purpose of the Welly NFTs, stating that the NFTs were created to act as membership tools that act as smart contracts for certain Welly locations. He says that was the only reason for the low 0.12 ETH price to start with.

In addition, while this is subject to change, the goal is to reward DOG members or Welly NFT holders quarterly and make decisions through the SHIB BONE (DOGGY) DAO on monthly proposals or as needed.

Further on, the Decentralized Organization Group, or DOG, acts as a special entity within the Welly site(s). This entity works through a series of “smart contractors” who have optional DOG membership by holding a Welly NFT. The DOG structure continues to evolve.