Shiba Inu utility has skyrocketed among whales as WhaleStats reports that SHIB is among the most widely used smart contracts
Shiba Inu whales have been most active in the last 24 hours. WhaleStats analysis of the top 100 Shiba Inu keepers reflects a 44.44% increase in active addresses as crypto whales interacted with billions of Shiba Inu.
Shiba Inu utility has skyrocketed among whales as WhaleStats reports that SHIB is among one of the most used smart contracts among the top 2000 ETH whales in the last 24 hours. The top 5000 ETH whales now hold $603,009,840 worth of SHIB.
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) June 11, 2022
Also, Shiba Inu made more headlines in June. According to WhaleStats, the total number of SHIB holders is currently 1,177,885. At press time, SHIB was trading down nearly 7% at $0.000009, in line with recent crypto market declines. This has caused the average Shiba Inu stock and the value of the whales to drop.
Leading Shiba Inu developer lays out NFT plans with 2,000 Welly NFTs minted so far
Over 2,000 Welly NFTs have been minted! Congratulations @wellyfriendsso proud of your efforts and coming back so strong after the Discord attack ❤❤
—SHIBQueenie (@SHIBQueenie) June 10, 2022
According to SHIBQueeniethe official moderator of the SHIB Discord and a member of the Growth Breed, over 2000 Welly NFTs have been minted so far.
Shedding light on the purpose of Welly NFTs, Shiba Inu lead developer Shytoshi Kusama states that NFTs were created to act as membership instruments that act as smart contracts for particular Welly locations. He says that was the only reason for the low price of 0.12 ETH to begin with.
Also, although this is subject to change, the goal is to reward DOG members or Welly NFT holders every quarter and make decisions via SHIB BONE (DOGGY) DAO on monthly proposals or as needed.
Later on, the Decentralized Organizational Group, or DOG, acts as a special entity within the Welly locations. This entity works through a set of “Smart Contractors” who have optional DOG membership by holding a Welly NFT. The DOG structure is still under development.