Kishu Inu’s price has risen by more than 8% over the past 24 hours, and it is now back in the top 10 tokens bought by ETH whale wallets.
KISHU was trading at $0.000000001585 at the time of writing. KISHU has reached a daily high at $ 0.000000001591.
What is Kishu Inu exactly?
Before we look into the reasons behind the current price surge, let’s first explain what Kishu Inu is.
In a nutshell Kishu Inu, a meme cryptocurrency that is dog-based inspired by Dogecoin, is called Dogecoin. Instead of using Shiba Inu like Dogecoin and Shiba Inu coins, Kishu Inu chose to use the ‘Kishu’ dog breed as its mascot for its brand.
KISHU is the native symbol of the Kishu Inu me-coin project.
Why is KISHU becoming more expensive?
The current price rally is due to several factors. The major reasons are the increased demand for KISHU coins by Ethereum whales and Shiba Inu on Binance.
KISHU purchase from ETH Whales
One reason the coin’s bullish momentum is so strong is the sudden rise in the number ETH-whale owners of KISHU. KISHU is currently ranked in the top 10 most bought coins by ETH Whales. This has led to a surge in trading volume of over 200%.
According to the Whalestats, KISHU is fourth among the most bought coins by ETH whale wallets.
‘’The top 1,000 Ethereum wallets are worth an average of $150.39 million and have an average of 40,404 ETH, 39 tokens, and 1 NFT.’’
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 28, 2022
The list’s top two leaders are Ethereum and USDC token. NuCypher is, however, the most traded token by the largest ETH Whales.
ETH Whales own Shiba Inu, which is the top meme coin. Whalestats estimates that the largest ETH Whale has more than $1.27 trillion worth of SHIB tokens.
Whales have adopted a meme currency, which is a sign of better times for the meme-crypto group.
Kishu Inu trending in Binance
A fourth spot was also obtained by Binance, which is another reason why the coin is trending on Binance.
#4 on the trending list, soon #1 on the most traded projects – one by one we will tackle each milestone and show what we’re made of.
— Kishu Inu (@InuKishu) February 26, 2022
NFT tralier for Kishu Inu
KISHU also dropped a trailer for its KISHUVERSE NT earlier on, which excited the community.
Take a look at #KISHUVERSE NFT trailer 2🔥
We will soon announce utilities/use cases!!
Kishuverse V0.1 updates are in progress!!👀🎉🥳✅
Official minting site 👉 https://t.co/U5GYD5sVob 👈
Only via metamask#NFTs #NFTcommunity #NFTworld #robinhood_star1 pic.twitter.com/j4gOqRZDNC
— Kishu Inu (@InuKishu) January 17, 2022