Shiba Inu Balance Held by Large Owners Grows as SHIB Whale Adds 53 Billion Tokens
WhaleStats reports that an Ethereum whale has added 53 billion Shiba Inu tokens, or $ 2,008,890 worth, to its holdings. The average SHIB balance held by large Shiba Inu keepers has risen 8% according to metrics provided by the whale watch website.
🐋 An ETH whale just bought 53,684,945,423 $ shib ($ 2,008,890 USD).
Ranked # 37 on WhaleStats: https://t.co/3ADbDHvWPW
– WhaleStats: the top 1000 of Ethereum richlist (@WhaleStats) December 23, 2021
The price of Shiba Inu has risen almost 7% in the last 24 hours in line with the general market rally, as positive investor sentiment swept through the markets ahead of the holidays.
Whale accumulation also appears to play a role in Shiba Inu’s rise from lows of $ 0.00002820 since December 20, with SHIB holding its top spot as the largest token position by dollar value.
Top 100 Shiba Inu Headlines They have also increased their portfolios as WhaleStats reports an 8% increase in the average SHIB balance of this category of investors. SHIB’s net flow is up a whopping 629% as well, showing healthy metrics.
Shiba Inu price action
Shiba Inu rose from lows of $ 0.00002820 on December 20 to hit highs of $ 0.000040 today before a slight pullback to where it currently trades at $ 0.00003850. Shiba Inu remains below almost 60% from its all-time highs.
The Shiba Inu network is also growing by welcoming more than 85,293 new users after hitting the one million mark just over a month ago, bringing the current owner count to 1,085,293.
The growing number of users may not have an immediate effect on a coin or token in terms of market price, but from a fundamental growth standpoint, many holders are a key determinant of the future of the asset.
Shiba Inu continues to rank 13th among the top cryptocurrencies by market capitalization, with a valuation of $ 21.05 billion, according to CoinMarketCap.