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.
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.
Over the past two weeks, the second largest meme cryptocurrency, SHIB, has been declining heavily, dropping from the $0.00003227 level on January 14.
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.
Overall, according to the data shared by WhaleStats recently, ETH whales now hold a staggering $1.5 billion worth of SHIB.
Vladislav Sopov