Shiba Inu Developments and Crypto Whales' Strategies

Shiba Inu and Welly's Partnership Upgrade

Welly's, the Italian fast food chain known for its Shiba Inu branding, has announced significant upgrades to its online presence. This partnership, which began in 2021, utilizes the Shiba Inu dog as its mascot, symbolizing the collaboration with the Shiba Inu cryptocurrency community. Welly's is integrating with Shibarium, a Layer-2 solution, which may lead to active participation in burning SHIB tokens, a practice aimed at reducing supply and potentially increasing value.

Bitcoin and Ethereum Whales' Strategic Pause

Recent data from Santiment suggests that major holders of Bitcoin and Ethereum, referred to as whales, are currently in a holding pattern. Large transactions, those exceeding $100,000, have reached their lowest point in 2023. This trend indicates that whales are likely waiting for ideal conditions rather than losing interest. Analysts highlight that many Bitcoin holders have maintained their positions for over two years, preparing for the next anticipated bull market.

Shibarium's Impressive Transaction Growth

Shibarium, the Layer-2 network associated with Shiba Inu, is approaching a significant milestone with its transaction volume. The network is close to surpassing three million transactions, with current figures at over 2.9 million. Since its relaunch in August, Shibarium has shown remarkable growth, with over 1.2 million wallet addresses and more than 713,000 total blocks. This development reflects the network's expanding utility and potential in the crypto space.

By staying informed about these updates, investors and enthusiasts can better understand the evolving dynamics of the cryptocurrency market.