Shiba Inu: Whales Not Giving Up on SHIB Despite Nosedive
Shiba Inu stands at a unique proposition where both retail investors and whales are hooked to the token despite a steep nosedive in price. Over the last few days, many whales have taken an entry position in SHIB as its price reached weekly lows. Whales are mostly accumulating Shiba Inu tokens in large numbers similar to how retail investors are buying the dips. Therefore, the trading volume for SHIB remains strong since its inception and transactions barely see a decline. Also Read: Shiba Inu: Shiba Eternity Criticized by Community, Ask For Shibarium Instead Data from Etherscan.io shows that a mysterious whale purchased 1 trillion SHIB tokens over the year. The whale then transferred 160 billion tokens to a different wallet on Monday. The same whale dumped nearly 623 billion SHIB tokens in various transactions in the last 20 days. However, despite the dump, the mysterious whale continues to hold another 300 billion tokens in his/her portfolio. This is just one among the