Cryptocurrency News & Updates

SHIB Whale Adds 53 Billion Tokens as Balance Held by Large Holders Grows

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Shiba Inu balance held by large holders rises in the same time SHIB Whale adds 53 billion tokens

WhaleStats reports that an Ethereum whale has added 53 billion Shiba Inu tokens, or the equivalent of $2,008,890 to its holdings. Average SHIB balance of large Shiba Inu holders is up 8percent, according to the data provided through the whales’ watchdog website.

An ETH whale has just purchased 53,684,945,423 dollars ($2,008,890 dollars).

Ranked #37 on WhaleStats: https://t.co/3ADbDHvWPW

Transaction: https://t.co/NlmY7ZKJUO#SHIB #ShibArmy

— WhaleStats is the most popular Ethereum richlist (@WhaleStats) December 23 2021

Shiba Inu’s price has increased about 7% in the past 24 hours, as a result of the overall market rally, as the positive investor sentiment swept across the markets ahead of the holiday season.

Whale accumulation may also contribute to Shiba Inu’s climb from the lows of $0.00002820 from Dec. 20. SHIB maintaining its position as the most significant token position in terms of dollar value.

The most successful 100 Shiba Inu holders have also increased their portfolios. WhaleStats announces an 8 percent increase on the median SHIB portfolio of this class of investors. SHIB’s net flow is increasing by a staggering 6299%, which shows the health of its numbers.

Shiba Inu price action

Shiba Inu rose from lows of $0.00002820 on Dec. 20 to hit highs of $0.000040 in the present, before a minor downwards move to where it is trading at $0.00003850. Shiba Inu is still down almost 60% from its all-time records.

Shiba Inu is growing. Shiba Inu network is also growing , welcoming more than 85,293 new users since crossing one million users just over one month ago. It brings the total number of holder numbers to 1,085,293.

The growing amount of users might not immediately have an impact on a currency or token’s price however from a perspective of growth, the number of users are the primary factor in the value of an asset’s future.

Shiba Inu is still holding the 13th position among the most popular cryptocurrency by market capitalization. The cryptocurrency has an estimated value in the range of $21.05 billion, as per CoinMarketCap.

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