While the second largest token, Shiba Inu, is dropping in price, some whales are taking this opportunity to buy on a massive dip in order to sell their meme coins later at a profit, according to WhaleStats data.
In the meantime, SHIB is back on the position of the largest asset by USD value, pushing another popular coin from this privileged position.
Whales acquire 372.4 billion SHIB tokens
WhaleStats crypto tracking service, which follows the top 100 wallets on Ethereum, BNB and several other popular chains has tweeted that two large whales, who have been acquiring Shiba Inu quite often recently, have acquired two other massive SHIB lumps.
"BlueWhale0073" has bought a whopping 311,816,880,855 tokens worth $4,801,979. "Bombur" added 60,606,002,938 SHIB to his wallet after paying $1,004,847 for that sum of crypto.
The SHIB stash held in the "Bombur" wallet now totals $23,148,380 worth of the meme token. "BlueWhale0073" has either sold the SHIB he had bought or transferred it to another wallet.
Among other tokens bought by top crypto whales earlier today is $1,665,199 worth of SAND and wrapped Bitcoin (WBTC) worth a total of $18,991,739.
On May 9, "Bombur" also bought a large amount of SHIB, totaling 56,946,679,217. On May 9, his overall SHIB stash constituted 1.14 trillion coins.
SHIB recovers as biggest holding, its number of holders soars
WhaleStats has also shared that Shiba Inu has managed to regain the position of the largest holding in USD equivalent held by the largest whales on the Ethereum chain.
The second biggest canine coin has pushed FTX Token from this position after it lost this place to FTT earlier today.
Besides, the number of wallets holding SHIB has demonstrated a significant increase in May, rising by more than 7,000.