Whales’ SHIB Holdings Keep Shrinking – Another 217 Billion Sold in 48 Hours

SHIB

Top whales on Ethereum have sold another massive chunk of Shiba Inu, despite substantial surge in price

The WhaleStats service, which tracks the largest addresses on Ethereum, Polygon, BSC and a few other networks, reports that SHIB’s whale stash has been reduced by 217 billion of these Mem coins over the past 48 hours.

The overall stash of the top 100 Ethereum whales has faced greater shrinkage over the past two days.

Whales are shedding more Shiba Inu, increasing the price

Two days ago, U.Today reported that the total amount of SHIB canine tokens held by the 100 biggest whales on Ethereum dropped below the $70 million mark. This happened within only two days; Last week, he still had a Shiba Inu worth $82-86 million.

Back on Nov. 23, these wallets held 8,036,305,217,856 SHIB worth $68.3 million. What they are holding at the time of this writing is $66,326,515 – the equivalent of 7,225,110,566,448 Shib coins.

In the past three days, Shiba Inu has demonstrated a price increase of a little over 11%, surging from a low of $0.00000822 to a current high of $0.00000919. Earlier today, SHIB printed a long green candle on the hourly chart that saw it up 3.52%.

Another 117 billion SHIB sold

Shib-focused Twitter account @shibaplay_ has spread the word about a total of 117,474,143,624 Shib Inu. Data that the account picked up on Etherscan shows that this lump of canine crypto was moved from an anonymous wallet to an address of the Gate.io crypto exchange.

The sender’s wallet still has 420,117,007 SHIB that he bought on Coinbase about two hours ago.

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