Whales purchased more than 9 billion Shiba Inu (SHIB), while price is rising gradually

According to Etherscan, in the past few hours, three crypto wallets have seen Shiba Inu (SHIB) inflows totaling more than 9 billion tokens, which could indicate a large purchase.

whales-purchased-more-than-9-billion-shiba-inu-shib-while-price-is-rising-gradually

Source: Etherscan

9 billion Shiba Inu (SHIB) acquired by whales as price goes up

Over the past two weeks, the second-largest meme cryptocurrency, SHIB, has plummeted, down from $0.00003227 on January 14.

whales-purchased-more-than-9-billion-shiba-inu-shib-while-price-is-rising-gradually

Source: Etherscan

Now, the crypto meme shows a slight gain of nearly 5%, trading at $0.000218 at press time. Whales have been buying more SHIB in recent times. Earlier this week, two of the top 1,000 Ethereum whales bought a massive 106 billion SHIB.

whales-purchased-more-than-9-billion-shiba-inu-shib-while-price-is-rising-gradually

SHIB/USD 4-hour chart | Source: TradingView

All in all, according to data shared by WhaleStats recently, ETH whales currently hold a staggering $1.5 billion worth of SHIB.

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