Over the past two days, top ETH whales have increased their SHIB holdings significantly, as reported by WhaleStats, the leading wallet tracker focused on several major blockchains. Meanwhile, the price of this ambitious meme coin has seen a modest rise over the past 24 hours. Details are here.
As we reported earlier, last week, the top 100 wallets on Ethereum completely removed SHIB from the 10 big investments. However, by Saturday, the leading meme coin had managed to re-enter the top 10 list of invested digital assets.
On Saturday, December 17, the SHIB supply these whales had was $44,108,128. Since then, just over $5 million worth of SHIB has grown; i.e. whales are currently holding $49,583,904 worth of meme coins. SHIB currently accounts for 2.29% of whale portfolios.
Meme coin price increased by 3%
Looking at the price chart, the Shiba Inu price has been experiencing strong volatility since Sunday. On Sunday, the meme coin formed two consecutive green candles as the price rose more than 8%. There was a drop of about 4% after that, followed by a modest 3.17% increase overnight.
At the time of this writing, the second most popular meme coin is trading at $0.000000870.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.