Large investors have added $33 million worth of SHIB overnight, but despite this their total SHIB holdings have shrunk tremendously
Top Ethereum whales continue to buy Shiba Inu, however, the total amount of this meme coin in their wallet has dwindled and they now have less than $200 million in SHIB.
ETH whales grab $33 million in SHIB
In a recent tweet, WhaleStats crypto data company which pulls focus on 100 largest wallets on the Ethereum chain announced that over the past 24 hours, these whales have added $33.2 million worth of Shiba Inu – the second largest canine cryptocurrency by market cap after Dogecoin.
Now, these top 100 wallets have a total of $179,344,952 in SHIB compared to $150,185,634 on Friday.
Whales’ SHIB holdings shrink by more than 50%
Data provided by WhaleStats shows that compared to just recently, the total amount of SHIB held by the Ethereum whales has seen a drastic decrease. As early as last week, on August 3, these wallets held more than $600,000,000 worth of Shiba Inu.
Almost the same amount was seen in his wallet by WhaleStats on August 7th – 10 percent of the total SHIB supply in circulation.
By the time of this writing, this large stash has shrunk to merely $180 million as reported above. Besides, overnight Shib has lost its leading position on the top ten list of whales’ holdings. Now it sits on the second spot, while LOCUS holds the first position there.
Currently, the Shiba Inu is changing hands at $0.00001265, according to data provided by CoinMarketCap.
