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Shiba Inu Crypto Pouring Into The Wallets Of Ethereum Whales
SHIB is being bought up in bulk this week by some very large investors
Although Shiba Inu (SHIB) tokens are currently trading at more than 75% off their all-time high, they are still attracting strong interest. One group who has been buying the crypto up in bulk lately are Ethereum whales, who are some of the biggest investors in the space.
The website whalestats.com follows the ongoing activity of investors who hold the most Ethereum in the world. They explain their purpose and exactly what an ETH whale in the following statement:
“We track the 1000 largest Ethereum wallets (the “whales”) — after excluding known exchange and project wallets — worth an average of $122,146,938 and have an average of 40,572 ETH, 36 tokens, and 1 NFT.”
As of the publishing of this piece, Ethereum whales have recently made SHIB their largest holding outside of ETH. SHIB tokens currently represent 18.65% of this group of investors’ holdings outside of what they have in ETH, with a total amount of nearly $1.7 billion worth of SHIB in their wallets.
Samyuktha Sriram of Benzinga reported that this week Ethereum whales have added trillions of SHIB. In one two-hour period during January 24th two whale transactions…
