Shiba Inu Token ‘Most Controlled by Whales’ in Crypto

Shiba Inu is the cryptocurrency most controlled by whales… and here's how the EverGrow token is creating a DeFi ecosystem that's safe from whale price manipulation.

Just 11 Shiba Inu wallets control 28% of supply – and it is whales like these who are most responsible for sudden Shiba Inu price movements.

Back in October last year for example, price spikes in the way up to the Shiba all-time high were linked to huge buys from just 8 wallets. These wallets then sold huge amounts to crash the SHIB price back down again – one of these wallets took a $35 million profit in doing so.

The statistics are important given that Shiba Inu is also the major crypto with the most holders seeing negative returns. Some 63% of Shiba Inu wallets are still losing money despite a SHIB price pump at the beginning of November.

Many of these wallets will have fallen into the Shiba Inu whale's trap.

How do whales control the Shiba Inu price?

One whale in particular was responsible for spiking Shiba Inu prices last year. This whale bought 6.178 trillion Shiba Inu on September 30th last year, costing $100 million at the SHIB price of $0.000007.

The huge buy immediately set the Shiba inu price soaring – it pumped over 1,000% to hit the all-time high price of $0.00008 within the month. But then the whale began making huge sells and raked in tens of millions of dollars in profit. 

These sales crashed the Shiba Inu price and created a situation where over 150,000 wallets bought SHIB at the wrong time and are still holding onto their losses a year later. Their destiny lies in the hands of Shiba Inu whales and their decision to pump the price one more.

What does a cryptocurrency without whale manipulation look like?

EverGrow is a token not just with an anti-whale sell mechanism, but also a structure which helps to spread wealth evenly across all holders.

First of all, no wallet can sell more than 0.125% of the circulating supply in a single transaction. This alone would have blocked the Shiba Inu major sells we just saw. But EverGrow also comes with a transaction tax which means that 14% of every major sell is redistributed back to the community.

The EverGrow 14% tax is paid anytime you buy or sell EverGrow. It's distributed so 8% is sent as Binance USD rewards to all wallets holding EverGrow. A further 2% is used to burn EverGrow, 2% for liquidity and 2% for ecosystem development.

While every investor needs to pay the 14% tax to buy EverGrow, it means that whales also have to pay the tax if they wish to make a sell. The EverGrow model helps both the development team and individual wallets make revenue from whale trading.

Read more about EverGrow here: https://evergrowegc.com/.

EverGrow at a once-in-a-lifetime price

EverGrow is trading at a price of $0.0000001 right now. It has a market cap of $50 million.

But the token has already launched an ecosystem from the development revenue. The funding has built an NFT marketplace for the community where 100% of profit from fees is used to burn EverGrow. 

Revenue gathered from the sales of EverGrow NFTs also means the token has over $250,000 of funds waiting to buy EverGrow and send it to the burn wallet. The funding will raise the EverGrow price significantly and make it tough to ever buy EverGrow at this low price again.

If you're looking for a true DeFi token which rewards long-term holders and avoids whale manipulation, EverGrow is your token.

Read more about EverGrow here: https://evergrowegc.com/.