Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects

One of the largest Polygon (MATIC) and Shiba Inu (SHIB) whales on record is now accumulating a pair of Ethereum-based altcoin projects. The whale in question holds the keys to the 94th-largest Ethereum (ETH) wallet on record, worth about $132,163,000 at time of publishing. The whale's top holdings include $22.9 million of Ethereum (ETH), $21.

Timeline of Fetch, Gala, Polygon, Shiba-inu

The pseudonymous lead developer of the popular Shiba Inu meme coin, the second largest one in terms of market capitalization value, has posted a tweet that provoked a lot of positive responses from the SHIB army.

The team behind Shiba Inu, the second largest meme coin by market cap, is currently developing its Layer 2 blockchain, Shibarium. The new project aims to ensure higher scalability and faster transaction speed while maintaining lower network costs.

Shiba Inu, a popular cryptocurrency, has recently become extremely unprofitable due to the most recent price drop. The profitability of Shiba Inu has reached a low of 16%, making it one of the least profitable assets on the market.

A trending Ponzi scheme that leverages the hype around Avatar: The Way of Water sci-fi movie has become the fifth largest holder of Polygon (MATIC), a core cryptocurrency of the Polygon network (MATIC) ecosystem.

A crypto whale that's been dabbling within the Shiba Inu ecosystem has become one of the largest holders of SHIB after stacking nine figures worth of Dogecoin's (DOGE) biggest rival this past month.

A large amount of SHIB has been moved out of circulation in the past week; however, it is still not enough to push the price of Shiba Inu up. Compared to summer 2022, this is a tiny portion of meme coins sent to dead-end wallets on a weekly basis.

The Avatar Ponzi scheme-related wallet — 0xc7728354f9fe0e43514b1227162d5b0e40fad410 — has accumulated over 22 million polygon (MATIC) coins. This movement has made the address the fifth-largest MATIC holder.

The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs. But first, here's a quick glance of Polygon (MATIC) performance in the last few days: MATIC price is down by 1.43% as of press time Polygon NFTs riding the wave of the Super Bowl hype; now 4th largest in terms of NFT volume at $3.37 million MATIC price looks bullish for the long term Polygon knows exactly what to do with the Super Bowl hype and uses that to gather momentum.

With over 1.3 million holders, the Shiba Inu ecosystem is bound to attract institutional investors. Up over 22,981,223 percent from its ATL, according to the latest crypto price oracles, Shiba Inu has obtained favor from most crypto traders. Moreover, SHIB has recorded a 24-hour trading volume of about $440,201,885 despite the sustained year-long bear market.

The last three price action of the Shiba Inu coin shows a textbook example of a cup and handle pattern. The pattern is formed by a U-shaped recovery that resembles a cup, followed by a small downward consolidation that forms the handle.