WhaleStats, the tracking platform that provides an analysis of the top 1,000 ETH wallets, came up with a great news of SHIB stacking. A crypto whale has reportedly added 99 billion Shiba Inu worth $3 million 799 thousand 999 to its portfolio.
🐳 A BNB whale just bought 99,999,999,999 $shib ($3,799.9999 USD).
Ranked #2 on WhaleStats: https://t.co/DdbtrDUvAJ
Transaction: https://t.co/VtFS4cYo19#SHIB #ShibArmy
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 7, 2021
As it is known, Shiba Inu whales make good use of price drops or micro-consolidation periods to increase their holdings. Just like now. As a matter of fact, the meme coin, which was sold at $ 0.00003210 after the market sales on December 4, entered the recovery process again and is currently trading at $ 0.00003699. In all this process, the whale, which rolled up its sleeves for the SHIB stack, so to speak, took advantage of the opportunity.
After the Shiba Inu’s record 800% rally in October, major organizations are constantly accumulating tokens. This is exactly why Shiba Inu, who took the title of Dogecoin killer, dethroned Dogecoin, albeit temporarily, with its steady rise in the last 12 months, and was recorded as the 10th largest cryptocurrency by market value. According to CoinMarketCap data, SHIB currently ranks 13th.
Its closest competitor, Dogecoin, is in 11th place with a market cap of $23.83 billion, trading at $0.1794.
*Not Investment Advice.