Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to a recently upgraded website by WhaleStats on-chain wallet tracker, over the past 24 hours, the top SHIB whales on Ethereum chain have sold a large portion of Shiba Inu they had been holding.
Their SHIB supply got thinner by around $16 million in SHIB.
Whales dump 1.7 trillion meme tokens
As reported by U.Today on Tuesday, the top 100 wallets contained a total of $68,032,980 in Shiba Inu. Now, this amount has shrunk a great deal — down to the $52,839,210 USD equivalent of SHIB, from 3.2% to 2.38% overnight. This is 5,787,392,289,088 Shiba Inu after 1,735,357,917,570 SHIB were sold.
Aside from that, the popular meme coin was pushed to 16th place from 14th on the CoinMarketCap scale.
Inflow of new users detected
The same website shows that over the past 48 hours, the total amount of SHIB holders has increased by roughly 2,000.
Now, it constitutes 1,263,179, while on Dec. 12, it stood at 1,259,800. The latter figure was reached after an inflow of 1,300 new users during the previous day.
Besides, Shiba Inu has added over 5% to its market price in the past 24 hours. Now, the prominent meme token's price stands at $0.00000919 after rising more than 6% yesterday.
Arman Shirinyan
Alex Dovbnya
