A big amount of Shiba Inu tokens are held under the protection of Whales and all these are showing better positive points.
Shiba Inu is a popular meme coin after Dogecoin. However, this coin is not worthless in terms of transactions but still has a position in the crypto industry as a flagship asset, standing at 14th rank.
WhaleStats analytic data is showing that whales are currently holding a total 26% supply of Shiba Inu coin. This data is excluding the liquidity provider by the exchanges or other services. So this is much better data to know the exact whales of the Shiba Inu coin.
These 26% supply holders of Shiba whales are real holders because they have been holding this amount of Shiba for a long time.
Earlier, around 6 months ago, many people claimed that such whales of Shiba are just here not to stay because the Shiba Inu coin is a waste and it will not stay strong in the long term.
It is worth noting, when Shiba in token faced correction by 30% in October of 2021 then 30% of these whales started to grab such huge amounts of the Shiba Inu token. At that time, within a few days, Whales accumulated around $300 million worth of Shiba Inu token.
At the time of writing this article, the price of the Shiba Inu token is $0.00002336 and this price is 4.71% high over the last 24 hours but 60% low over the last 90 days of the time frame. This shows that Shiba Inu getting better buy support but not giving a better pump to give profit to such long-term holders.
Read also: A very high amounts of NFTs wash sell traders: Chainalysis
26% Shiba Inu token in hands of whales
https://bitcoinik.com/26-shiba-inu-token-in-hands-of-whales/feed/
https://bitcoinik.com/26-shiba-inu-token-in-hands-of-whales/feed/
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