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The More SHIB Falls The More Whales Are Adding Shiba Inu Tokens To Their Wallets

Cryptocurrency Market experienced a sharp fall today, Shiba Inu’s (SHIB) price also tumbled.

Read: Main Reasons Why Crypto Market Lost Billions Of Dollars In No Time, BTC, ETH, BNB, SOL, Meme Coins SHIBA, DOGE All In Red Blood



Shiba Inu (SHIB) price hit the lows of $0.00002914 in a wide market fall but recovered with a rapid pace and currently trading at $0.00003721.

Taking advantage of this dip, two whales have bought another big chunk of the Shiba Inu coin.

The first whale is an ETH whale, “Gimli”, who just bought 28,236,296,316 of Shiba Inu tokens, worth $1,169,829 USD. This whale wallet is ranked #256 on WhaleStats.

The whale now holds total of 1,234,364,010,060.88 of Shiba Inu tokens valued at $45,898,447 USD.

The transaction can be seen at:

https://www.whalestats.com/transaction/ethereum/0x2c2fa70d98ddd37aba0f163fe5b460265d9bfd76e100b092200a008e56d9af57

The second whale is also an ETH whale, “Tsunade” who just bought 72,266,047,517 of Shiba Inu tokens, worth $2,591,460 USD. This whale wallet is ranked #6 on WhaleStats.

The whale now holds 1,831,517,309,563.27 of Shiba Inu tokens valued at $68,444,758 USD.

The transaction can be seen at:

https://www.whalestats.com/transaction/ethereum/0x4adfe24e846ebd6130a8906b782e739bd20a744bc6a8f073bc001d185cbe5bbd

Shiba Inu Is Still Top Holding in Whale Wallets

According to whale holdings in the 1,000 biggest Ethereum wallets, Shiba Inu continues the largest position among whales with $2 billion worth of tokens kept currently.

The dip-buying of whales indicates that another bull run is very much possible for Shiba Inu (SHIB) in the near future.

Zabi
Zabi
Zabi is a crypto and finance author with over a decade of experience in the financial sector. His work centers on digital assets, market trends, and the intersection of traditional finance and crypto. In addition to overseeing multiple finance-focused platforms, he actively follows stock and crypto markets to provide informed perspectives on industry developments.

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