Top whales on Ethereum purchased nearly 384 billion Shiba Inu

According to WhaleStats, the amount of Shiba Inu (SHIB) held by the top Ethereum whales has substantially increased overnight after they acquired another 383.7 billion meme tokens.

Whales Grab 383.7 Billion SHIB Overnight

According to a recent tweet, whales on Ethereum are presently holding a total of $163,682,816 worth of Shiba Inu in their wallets. This is a substantial increase overnight — on Friday, they held $158.5 million in this popular meme coin. Thus, they have bought $5.1 million worth of SHIB overnight, which equals 383,747,178,329 meme coins.

Earlier this week, owners of these wallets sold roughly $33 million in Shiba Inu, making their stash shrink from $191.2 million to $158.5 million worth of it.

After its recent short-lived rally where it rose by 38.5%, since August 15, Shiba Inu has declined by 26.49%, losing nearly all its gains. At the time of writing, the meme coin is changing hands at $0.00001315 on the Binance exchange.

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