After the 35% rally, Shiba Inu whales set a new record by purchasing more than $300 million SHIB in a short time, according to whale detective WhaleStats data.
Whales start raining Shiba Inu
Shiba whales hold more than $2.3 billion in tokens, according to WhaleStats. Previously, the total assets of the whales were $1.8 billion. Whales’ interest is intensifying after a 15% correction a few days ago. WhaleStats shared the following data on whale wallets:
The top 1,000 Ethereum wallets currently hold 48,004,861,881,545 SHIB ($2,376,356,727).
cryptocoin.com As we reported, the whales sold more than $300 million in total prior to the upstream SHIB distribution. This caused the Shiba Inu to rapidly depreciate by 10%, and large wallets wisely avoided selling pressure. According to the dynamics of the cryptocurrency market, after a correction, wallets turn to the dollar and then lead to a rapid recovery, as we witnessed at the Shiba Inu today. Earlier, there were signs of accumulation starting at the largest addresses, with the average ownership of SHIB whales increasing by more than 40%. Now, the meme token’s momentum in the market is slowly picking up and at the start of the trading day, Shib posted gains of between 5%-10%. In the following hours, SHIB brought its last 24-hour earnings closer to 20%.
In addition to the strong performance of the Shiba price, retail investors are slowly moving towards SHIB with the SHIB reaching $3.6 billion, an increase of almost 100% compared to the previous trading days when the average volume of SHIB was 12-13 trillion.
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