A crypto whale has just added 99 billion Shiba Inu, worth $3,799,999, to his portfolio, according to Whalestat. Shiba Inu is regaining ground after hitting a low of $0.00003210 during the December 4 market sell-off.
Shiba Inu whales have been known to take advantage of price dips or micro consolidation to increase their holdings, with millions of dollars flowing into Shiba in such cases.
🐳 A BNB whale just bought 99,999,999,999 $shib ($3,799,999 USD).
Ranked #2 on WhaleStats: https://t.co/DdbtrDUvAJ
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 7, 2021
This time is no exception, as a BNB whale has added 99,999,999,999 Shiba Inu, or $3,799,999, to his collection. This is according to the tracking platform WhaleStats, which analyzes the top 1,000 ETH wallets.
On December 3, large entities continued to accumulate tokens following Shiba Inu’s impressive 800 percent rally in October.
Shiba Inu, an Ethereum-based alternative to Dogecoin, has steadily increased in price over the last year, briefly surpassing Dogecoin as the tenth largest cryptocurrency by market cap.
According to CoinMarketCap data, it is now ranked 13th. As of press time, SHIB was trading up 4% at $0.000038.