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Whales Grab 383.7 Billion SHIB Overnight: Report

Sat, 08/20/2022 - 12:32
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Yuri Molchan
Top whales on Ethereum purchased nearly 384 billion Shiba Inu
Whales Grab 383.7 Billion SHIB Overnight: Report
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As reported by WhaleStats, the amount of SHIB held by the top Ethereum whales has substantially increased overnight after they acquired another 383.7 billion meme tokens.

According to a recent tweet, whales on Ethereum are presently holding a total of $163,682,816 worth of Shiba Inu in their wallets. This is a substantial increase overnight — on Friday, they held $158.5 million in this popular meme coin.

Thus, they have bought $5.1 million worth of SHIB overnight, which equals to 383,747,178,329 meme coins.

Earlier this week, owners of these wallets sold roughly $33 million in Shiba Inu, making their stash shrink from $191.2 million to $158.5 million worth of it.

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After its recent short-lived rally where it rose by 38.5%, since August 15, Shiba Inu has declined by 26.49%, losing nearly all its gains.

At the time of writing, the meme coin is changing hands at $0.00001315 on the Binance exchange.

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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.

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