Shiba Inu (SHIB) prices have been dealing with huge selling pressure over the past week. However, this price drop did not break the strategy practiced by the 'Whales' where the largest Ethereum (ETH) 'Whale' group remained collecting more SHIB tokens.
Based on Whale Stats, two ETH whale wallets wholesaled more than 533 billion Shiba Inu tokens in the last 24 hours. These cumulative purchases totaled $5.6 million. This move has led to an increase in total market value and at the same time made SHIB in the top 10 purchases of the 100 largest ETH whales over the past day.
ETH 'Whale' Wallet named "Gimli" has added 386 billion Shiba Inu in two transactions. The purchase cost around $4.06 million. However, the 'Whale' group bought around 200 billion SHIB tokens (worth approximately $2.075 million) in a single transaction.
Based on other data, a different ETH 'Whale' group named "BlueWhale0159" earned 147 billion (worth approximately $1.55 million) in one transaction.
Research shows that Shiba Inu is still the largest token held by the top 100 ETH 'Whales' by dollar value. So far the largest 'Whale' cluster holds approximately $540 million worth of SHIB tokens. This makes his holding around 21.23% in total. Nevertheless, Decentraland (MANA) remains the most widely held token by 'Whale'.
Whale Tracker reports that the Top 2000 ETH whales own more than $633.9 million in Shiba Inu tokens.
Shiba Inu prices have jumped more than 3% in the last 24 hours. SHIB is traded at the price level of $0.00001077. Nevertheless, it is still trading 87% below its all-time high (ATH) of $0.000088.
