The recent significant drop in the price of Shiba Inu (SHIB) has attracted interest among the Ethereum ‘Whale’ group to increase holdings.
The price of Shiba Inu has extended the fall in the market by declining 3% in the last 24 hours, causing some of its recent gains to be wiped out. Waima so, the Ethereum ‘Whale’ group that occupies the top of the charts consistently continues to increase their Shiba Inu holdings.
Based on WhaleStats, the SHIB token has surpassed the FTX token once again to the point that it is the largest token held by the Whale group in the top 100 charts in terms of ETH number holdings. This shows that Whale is getting more aggressive in buying Shiba Inu tokens so that it is among the 10 tokens bought by ‘Whale’ ETH.
The top Ethereum Whale group now holds more than $ 1.2 billion in SHIB tokens or in other words 14% of the SHIB holdings are wholesaled by them. Based on data, the ETH group, “BlueWhale0073” has added more than $ 7 million in Shiba Inu tokens in the past 24 hours. Meanwhile, the world’s second -largest meme cryptocurrency can also be seen in the list of the most used smart contracts by ETH whales.
The FTX token has now declined to be the second largest token held by the ETH whale. The top wallet now holds more than $ 1 Billion FTT tokens. It makes up over 12% held by the ETH whale group.
The launch of the Shibaburn portal over the course of the day has burned over 17 billion SHIB tokens. According to the Shibaburn portal, more than 17 billion SHIB tokens (worth about $ 404K) have been sent to the ‘dead wallet’ since its launch. However SHIB’s 24 -hour trading volume of $ 712,882,041 has decreased over 35%.
Robinhood’s recent listing, the launch of Metaverse itself and other projects have given a boost to SHIB tokens. Even the fall in BTC prices has caused the whole market to lose. The price of Bitcoin has fallen around 7% in the last 7 days as well as SHIB which has fallen by 8%.
