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9 Billion SHIB Acquired by Whales as Price Goes Up

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Sat, 01/29/2022 - 16:00
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Yuri Molchan
According to the data from etherscan, whales have purchased more than 9 billion Shiba Inu, while the coin’s price is rising gradually
9 Billion SHIB Acquired by Whales as Price Goes Up
Cover image via stock.adobe.com

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Etherscan shows that in the past few hours, three crypto wallets have seen an inflow of SHIB totalling more than 9 billion tokens, which could signify a massive purchase.

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Image via Etherscan

Over the past two weeks, the second largest meme cryptocurrency, SHIB, has been declining heavily, dropping from the $0.00003227 level on January 14.

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Image via Etherscan

Today, on January 29, the meme crypto shows a slight increase of almost 5 percent, trading at $0.00002148 at the time of writing.

Whales have been purchasing more of SHIB recently. Earlier this week, U.Today reported that two of the top 1,000 Ethereum whales had bought a massive 106 billion Shiba Inu.

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Overall, according to the data shared by WhaleStats recently, ETH whales now hold a staggering $1.5 billion worth of SHIB.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.