Vegas Auto Gallery, one of the biggest automobile stores in Las Vegas, Nevada, is known for providing luxury and exotic vehicles for sale. As per the latest Twitter release, the firm is going to accept Shiba Inu as payment for people who are willing to purchase a car from the store.
This is another milestone for the meme token which fell to 12th position in the cryptocurrency market as Avalanche is looking to enter the top 10. Shiiba Inu has lost more than 50% of its value in 3 weeks of Nov but, the whales have started accumulating the token once more.
According to another recent announcement, AMC Theatres will also start accepting Shiba tokens in nearly 60-120 days. So now, anyone can pay in SHIB to enjoy watching movies at AMC Theatres. This comes after a recent poll conducted by the CEO of the firm, as covered by our report.
Shiba Inu set for a rally?
Shiba Inu is set for a rally as the whales are accumulating as well. As per data from various analysts, Shiba Inu is set for a rally, and we are witnessing anonymous whales buying the current dip. As per Watcher Guru, an anonymous whale bought over $40 million worth of SHIB tokens.
Getting nearly 850 million SHIB tokens, another whale bought 150 billion SHIB tokens at a price of around $8 million. According to the total data presented by Watcher Guru, whales bought 20 Trillion Shiba Inu Tokens for $1.13 Billion in early November.
On the other hand, Newegg, an electronics retailer, is looking to accept Shiba Inu as payment for its products.
While the SHIB token surged by more than 20% in a single day, the token rose by more than 800% in October, following whale accumulation. There are a number of components when it comes to the price action of a token, and every aspect of the SHIB token seems to be bullish for now.