The correction of the crypto market is still happening and some whales have already begun to take steps that see the current market conditions as appropriate to increase SHIB’s holdings of crypto assets.
WhaleStats which is an indicator that tracks the 1,000 richest Ethereum addresses. The indication found that one of the addresses had as much as 4 trillion Shiba Inu (SHIB) in the past 24 hours worth about $ 136 million.
At the time of writing, Shiba Inu is the Whale’s preferred token based on the total value in the account then followed by MANA Decentraland worth $ 86 million and USDT worth $ 41 million. It is featured that SHIB represents 26.15% of the Whale’s portfolio.
The price of SHIB has jumped more than 10% before declining slightly to the trading level of $ 0.00003517. The activity of most whales taking chances when the market is turbulent brings SHIB price expectations to make a u-turn.
Based on observations, SHIB has slipped more than 30% since last November 30 from a high of 0.0000538 to a low of $ 0.00003517 today.
