Ethereum whales continue to increase their SHIB holdings while coin is trading in range after recent rise
The WhaleStats crypto tracker has shared that in the last 24 hours, the Shiba Inu Canine coin owned by the top 500 whales on the Ethereum chain has increased in volume to $193 million SHIB.
Whales add millions worth of SHIB overnight
Compared to the $187,257,510 worth of Shiba Inu that the aforementioned group of whales had yesterday, on Aug. 16, overnight this amount first rose to $191.2 million and now has grown to a total of $193,310,168, according to a recently published tweet.
Thus, investors have increased the amount of SHIB by $6 million in total. As for the top 100 ETH whales, they have slightly less Shiba Inu – $189,488,348 – and in their portfolio, Mem Coin ranks fourth behind USDC, USDT and STET. It has given these assets its number one spot in its portfolio over the past few weeks.
Now, Shiba Inu constitutes 5.91% of their crypto bags.
SHIB Trading in the Range
After rising over 36% and reaching $0.00001768 on August 14th, the second largest canine crypto is moving in a range, trading around the $0.00001610 area alternating between support and resistance.
Earlier today, influencer David Gokhshtein, who is also a former U.S. congressional candidate and founder of Gokhshtein Media platform, tweeted that he expects Shiba Inu to make another move soon.
In March of this year, he announced that the coin could reach the level of $0.001, but he does not see it reaching $1.
