Samsung-Backed Crypto Wallet Lists Shiba Inu (SHIB)

The so-called “Dogecoin killer” Shiba Inu (SHIB) is unstoppable in terms of adoption across cryptocurrency platforms, with a wallet listing it within its portfolio of offerings.

ZenGo, a crypto wallet backed by the tech giant Samsung, recently announced that the meme coin is now available on its platform, where users could buy, send, receive, and trade SHIBs from now on. The announcement is another milestone for the token, given that ZenGo is one of the first wallets to do such kind of maneuver.

The motivations quoted by the company are quite particular as it praises the Shiba Inu community, known in the crypto sphere as the SHIB Army. “We’re excited to be one of the first crypto wallets to support SHIB, especially because of its vibrant, creative, and enthusiastic community,” ZenGo noted.

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Whales Strike Again

The platform also highlighted how Shiba Inu is popular in social media, even surpassing Solana and Cardano’s followers on Twitter and the recent AMC Theaters’ announcement of endorsing the meme coin as a means of payment for its services, together with a wide range of major cryptocurrencies.

The announcement comes in the midst of the recent reports that a big SHIB whale purchased over 171 billion tokens worth $6 million. The transaction was split into two, according to WhaleStats.

SHIB/USD Technical Outlook: Demand Zone Around The Corner

That said, the Dogecoin killer keeps gaining traction in terms of adoption across the crypto whales as well,  with several transactions made in the last weeks.

As of press time, SHIB hovers around the $0.000048 neighborhood, slightly negative on the day after falling below the 200-period simple moving average.

Now, the price is challenging a significant demand zone that could act as a pivotal level for the buyers.

If bulls pick up steam, eyes will be on the $0.000060 level as the first tough nut to crack to the upside. On the flip side, once the $0.000045 level gives up, SHIB could be on its way to reaching the $0.000035 zone.