Shiba Inu Whale That Holds $1.3 Billion Worth of Tokens Lost 45% of His Portfolio

By | December 28, 2021
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Arman Shirinyan

While some people follow whales for profit, it is clearly lost.

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The Ethereum network whale currently owning $ 1.3 billion in Shib is clearly not the best investor among the 1,000 largest Ethereum wallets due to the loss of $ 3 billion in less than a month, based on wallet performance statistics. in WhaleStats tracking service.

“Light” wallet performance

According to the performance graph, the value of the wallet went from $ 7 billion in early December and is now $ 4 billion. The main source of losses is, unfortunately, the Shiba Inu token, which is now trading at a 58% loss compared to its ATH.

WhaleStats data
Fountain: WhaleStats

But since whale stocks have dropped by 45% since the beginning of December, Shiba Inu should be responsible for only half, as the token has traded at a 22% loss since the beginning of the month.

Other tokens that could have negatively impacted the whale’s wallet are Ethereum and Mana, which lost 30% in total. By adding the losses of the SHIB token, we would obtain an unrealized loss of 52% of the three positions. Since the address constantly sends and receives different tokens, the tracking process becomes more complex.

What’s in the top-tier wallet today?

According to the wallet page on WhaleStats, “Light” still has 35% of its portfolio in the Shiba Inu token, while Ethereum ranks second with 17% portfolio dominance. Both large positions are currently trading at a loss. The only “positive” participation in the whale’s balance is Matic, with a positive price change of 5.2% in the last 24 hours.

Tokens and coins such as Enjin, Sand, Mana and Wrapped BTC are, unfortunately for the whale, showing a negative performance, with an average loss of 1.5% in the last 24 hours.

Source: https://u.today/shiba-inu-whale-that-holds-13-billion-worth-of-tokens-lost-45-of-his-portfolio

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