Whales Scoop Up 243.6 Billion Shiba Inu As The Token Recovers From Its Recent Drop

According to data given by WhaleStats, two major investors on the Ethereum chain have gonebbled up close to 244 billion Shiba Inu. These were not their first SHIB purchases in the previous nine days.

Whales add 243.6 billion Shiba Inu

WhaleStats crypto tracker has shared that over the past 20 hours, whales titled “Bombur” and “BlueWhale0073” made two purchases of Shiba. “Bombur” grabbed 50,520,317,707 SHIB tokens, while “BlueWhale0073” added an astounding 193,419,098,244 SHIB to his crypto riches.

These chunks of the second largest canine cryptocurrency cost investors $1,241,789 and $4,821,938.

Since April 10, owners of the “Bombur” and “BlueWhale0073” wallets made several massive acquisitions of SHIB tokens. “Bombur” bought 79,228,162,513 SHIB on April 13.

“BlueWhale0073,” the second whale from the aforementioned group, purchased three massive Shiba Inu lumps. They constitute 1.169 trillion tokens in total. On the WhaleStats scale, these whales are ranked #20 and #5.

Meanwhile, according to the WhaleStats website, Shiba Inu is the most valuable crypto asset held by Ethereum whales in terms of US dollar value.

SHIB is worth $1,337,783,668 to the top 100 ETH investors, which is the equivalent of 53,393,592,638,753, or 15.14 percent of their total portfolio.

SHIB holdings of the top ETH whales have fallen slightly since April 18.

Shiba Inu regains 6%

On April 18, following Bitcoin’s brief drop below the $39,000 level, Shiba Inu printed a large hourly red candle, with a similar one staged on the previous day.

However, by April 19, the second biggest canine coin recovered by over 6%, rising from $0.00002388 to the $0.00002549 zone.

However, at the time of writing, SHIB is trading at $0.00002489 on the CoinCu exchange.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News