Shiba Inu Whales Have Purchased 42% More SHIB in Last 24 Hours


Shiba Inu whales have added 42% more SHIB coins to their wallets in the last 24 hours. Whales made good use of the recent dips and purchased more amount of tokens to their portfolio. As per data found on WhaleStats, the top 1000 Ethereum wallets at present hold 42% more tokens.

The development has made the coin shoot up +30% in the day trade and the whales are sitting on heaps of profits. On an average, their minimum SHIB balance now stands at 2.5 billion tokens. Keep in mind that the number is a bare average and majority of their portfolio is much larger.

Since the last week of July, whale movements in SHIB have increased drastically. Since November 2021, whales have made good use of the recent dips and added bag loads of tokens to their portfolio.

On November 23, a Shiba Inu whale purchased 850 billion coins worth $36 million during the dip. On November 17, a first-time SHIB investor whale picked up 170 billion SHIB coins worth $8 million during the dip.

The developments gave rise to questions such as, ‘Do whales know something which the common investor doesn’t?’ Going by the latest whale trends, it looks like there could be something big on the cards for SHIB.

Undoubtedly, Shiba Inu is a hot selling token among the top 1000 ETH whales since more than two months. Just like common investors, even the whales seem to have bitten by the ‘fear of missing out’ bug. There’s so much happening in the Shiba world that none can miss and always want to be a part of it.

Shiba Inu Getting Listed on Robinhood?

Whenever whales took entry position in Shiba Inu, the coin ended up getting listed on exchange platforms a month later. To make it sound clear, whales who picked up SHIB in June saw the coin getting listed on eToro in July.

In addition, whales who purchased SHIB in July saw it being listed on WeBull and Coinbase Pro in August. Similarly, whales who bought SHIB in August saw the coin getting listed on Binance and Coinbase in September.

Now that whales have indulged in mass buying the coin, there’s a possibility of an upcoming listing. However, we will have to wait and watch for that as nothing is made official yet.

Shiba Inu at the time of publishing was trading at $0.00004286 and is down -4.18% in the days trade. Despite trading in red and down -50% from its ATH, Shiba Inu remains to be the most sought-after token in the market.

At the time of publishing Shiba Inu was trading at $0.00004980 and is up +30.03% in the days trade.

Credit: Source link



Please enter your comment!
Please enter your name here