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Whales buy $9 billion in SHIB as the price rises

According to the data from etherscan, whales have purchased more than 9 billion Shiba Inu, while the coin’s price is rising gradually.

Etherscan shows that in the past few hours, three crypto wallets have seen an inflow of SHIB totalling more than 9 billion tokens, which could signify a massive purchase.

image 2022 01 29T17 40 09 799Z

Over the past two weeks, the second largest meme cryptocurrency, SHIB, has been declining heavily, dropping from the $0.00003227 level on January 14.

image 2022 01 29T17 40 15 120Z

Today, on January 29, the meme crypto shows a slight increase of almost 5 percent, trading at $0.00002148 at the time of writing.

Whales have been purchasing more of SHIB recently. Earlier this week, U.Today reported that two of the top 1,000 Ethereum whales had bought a massive 106 billion Shiba Inu.


Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.



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