Top whales on Ethereum purchased nearly 384 billion Shiba Inu
According to a WhaleStats report, the amount of SHIB held by top Ethereum whales has increased significantly overnight after securing 383.7 billion Mem tokens.
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 of SHIB overnight, which is equivalent to 383,747,178,329 Mem 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.
Following its recent short-term rally, where it rose 38.5% since August 15, the Shiba Inu lost almost all of its gains, down 26.49%.
At the time of writing, the meme coin is changing hands at $0.00001315 on the Binance exchange.
