The popular meme token Shiba Inu remains a preferred token by investors. Whales add the Shiba Inu, which has made quite a name for itself with its projects and collaborations.
WhaleStats has detected a large purchase of Shiba Inu in the cryptocurrency market. An anonymous whale has bought 70 billion worth of Shiba Inu (SHIB), according to WhaleStats. With this acquisition, SHIB is positioned as the largest position among Ethereum whales.
According to the trading page, there was a large purchase of SHIB 13 hours ago, potentially causing a 3% price increase. Shiba Inu’s total holding in USD stands at $1.2 billion.
Shiba Inu Performance
Large purchases of Shiba Inu tokens by whales are usually made by placing orders through OTC desks, private trading, liquidity issues and market makers to avoid slippage, so they do not reflect too much on the price of the asset.
At the time of writing, SHIB was priced at $0.00002351, according to Coinmarketcap data.
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