Shiba Inu, which started out as a joke or “meme coin,” has caught the eye due to its huge popularity among individual investors and its sudden rise. Although it still lacks widespread institutional use, there are signs that some large corporations and whales are interested in it, both for investment and hedging. Here are the details:

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1. Companies that have adopted Shiba Inu:

AMC Theaters:

AMC, one of the largest movie theater chains in the world, has announced that it will accept Shiba Inu as a payment method for tickets and gifts.

NOWPayments:

The payment processing platform supports Shiba Inu, making it available as a payment option at many businesses that use its services.

Newegg:

The e-commerce platform Newegg accepts Shiba Inu for payment, boosting the currency’s use in digital commerce.

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2. Whales and Major Investors in Shiba Inu:

Increased whale activity:

Data from blockchain tracking platforms like WhaleStats has shown that many “whales” (large wallet holders) are buying and storing huge amounts of Shiba Inu.

Sometimes, whale purchases exceed tens or hundreds of millions of dollars.

The primary goal may be to hedge or anticipate a long-term price increase.

Platforms like Robinhood and Binance:

These platforms provide support for the coin, which has encouraged large investors to trade or invest in it.