Main navigation

1.7 Trillion SHIB Bought by Largest Whales in Last 7 Days: Details

Wed, 01/11/2023 - 13:36
article image
Gamza Khanzadaev
SHIB is back on whales' radar as almost 2 trillion Shiba Inu tokens bought
1.7 Trillion SHIB Bought by Largest Whales in Last 7 Days: Details
Cover image via
Read U.TODAY on
Google News

According to WhaleStats, the accumulation of the largest Ethereum (ETH) holders in Shiba Inu tokens has increased by 1.7 trillion SHIB over the past seven days. To date, the cumulative position size in the meme token of the hundred largest ETH whales is 5.79 trillion SHIB, equivalent to $50.84 million.

SHIB Records New Listing on This Major Crypto Exchange: Details

The trend for SHIB among large Ethereum holders continued today, with the token becoming one of the leaders in terms of trading volume among this group of investors. As detailed statistics from WhaleStats portal show, more of them are buying Shiba Inu tokens than selling them.

Are whales taking their profits?

The consolidation of large investors' positions in SHIB occurred along with the rise in the token's price. Over the past seven days, the price of the Shiba Inu token has risen by 9.5% and, at one point yesterday, by as much as 19%.

Shibarium Launch Will Trigger Massive Buys of BONE: PawZone Founder

During this price peak, as reported by U.Today, the token quotes tested the upper limit of the range in which it had been in consolidation for the past two months. If the portal data is to be believed, SHIB transfers by big players took place during just this price action yesterday and also, interestingly, the day before.

article image
About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.