Shiba Inu: Group of Investors Buy $10 Million Worth of SHIB in 6 Days
Shiba Inu has seen an increase in whale activity this week as a group of investors purchased $10 million worth of SHIB tokens in 6 days, reported WhaleStats. This group of 10 whales now collectively owns 8 .21 trillion SHIB tokens worth nearly $100 million. The overall ETH rich list owns a 4% share in the total portfolio of Ethereum’s largest holders. SHIB remains second to stETH and WBTC among the ETH whale community . You can read more details about the steady flow of whale purchases into SHIB here. Also Read: Fact Check: Does Netflix Accept Shiba Inu As Payment? Despite a price decline, whales have not moved away from Shiba Inu and have constantly picked up the token. The whale community has made good use of SHIB’s dips at every turn accumulating more tokens. The development makes Shiba Inu an indispensable force in the crypto markets that are always attracting buying pressure even when its price is down. SHIB rallied hard last week jumping 40% in the indice...