One of the biggest Shiba Inu whales bought even more holdings in addition to the existing $1.2 billion
Despite the 10% price drop in the past seven days, Shiba Inu (SHIB) holders and long-term investors appear to be unaffected. They decided to buy more SHIB. Specifically, this wallet just bought another $5 million worth of SHIB to its existing $1.2 billion positions.
Shiba Inu (SHIB) whale already holds $1.2 billion worth of tokens buys even more
The average order execution price of whales is sitting at approximately $0.0032. The big buy has not changed the current market conditions, and the token is moving consciously in the range with almost no volatility.
Source: Whalestats
Currently, this whale is holding about $3.4 billion worth of tokens. While its holdings are considered significantly more, its value has dropped by more than 90% since November. In addition to the Shiba Inu, the whale also holds the less popular “American Born Doge” token, and CRO is worth $1.4 billion and $400 million, respectively.
With most of the market continuously going down, many tokens and coins are losing value while Shiba Inu moves relatively steady. Shiba Inu holdings currently remain at $1.59 billion with a slight change of 0.2% from the previous day. Much of SHIB’s whale wealth is being concentrated in a single wallet. The same wallet that bought $4 million SHIB holds $1.2 billion of the $1.59 billion in the whale’s hands.
While the whale is buying the meme coin, its price doesn’t seem to react in any way to the asset’s average volatility at approximately 5%, where it was before it was close to 15% SHIB’s maximum volatility point was seen when the token hit ATH with a spike of over 70% in a single day.
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- Shiba Inu (SHIB) Buying Ongoing As Meme Coin Retain Potential To Revolutionize Next Bull Run