Shiba Inu presently trades at $0.000027 after reaching highs of $0.0000296 on March 28
According to data from IntoTheBlock, the profitability of the second-largest meme cryptocurrency, Shiba Inu (SHIB), rose to 46% after falling to 35% earlier in March.
Shiba Inu presently trades at $0.000027 after reaching highs of $0.0000296 on March 28. SHIB has demonstrated growth over the past week, up 14%, per CoinMarketCap data.
As seen on the official SHIB Twitter account, the Shiba Inu community, ‘ShibArmy’, is being teased with a major announcement scheduled for today. As the community continues to wonder what the update might be about, Shiba Inu whales are piling up in droves.
Anonymous whales purchased billions of Shiba Inu tokens amid its 30% run in March following a massive increase in the number of large transactions and positive price action. In the last 24 hours, over 621 billion SHIB have been grabbed by the top ETH whales, as blockchain data tracker WhaleStats reports four large SHIB transactions.
The first round of transactions reported was that of a whale named “Gimli”, who purchased 421,370,420,624 SHIBs worth $11,313,795 in two transactions. the first operation was 150,000,000,000 SHIB, or $4,027,500, before the second of 271,370,420,624 SHIB, or $7,286,295 million.
Another whale, who purchased a smaller amount of Shiba Inu tokens, made one transaction worth $1,360,960, or 50,687,552,959.
The fourth big deal reported by the blockchain data tracker is that of a 167th ranked ETH whale that bought 150,000,000,000 SHIB, or $4,053,000.
The accumulation spree embarked on by top holders resulted in 24-hour trading volumes increasing by 523%.
WhaleStats analysis of the top 100 Shiba Inu owners shows a 110% increase in the average SHIB balance for this category of investors. The average SHIB value of their portfolio also increased by 127%. Netflow has also increased by more than 826% in the last 24 hours.
