Earlier today, largest investors on Ethereum dumped $4 million worth of Shiba Inu, reducing their meme coin stash substantially
According to data shared by wallet tracking service WhaleStats, the overall balance of SHIB owned by the largest Ethereum whales has dropped by 323 billion SHIB today as they dumped these meme coins on the market.
Whales keep selling billions of Shiba Inu
WhaleStats platform focused on the largest wallets on various blockchains, including Ethereum and BNB Chain, has shared that earlier today, the biggest 100 wallets on ETH got rid of roughly 323,362,974,939 Shiba Inu canine tokens evaluated at about $4 million.
Earlier today, Whale’s balance comprised a total of $151,728,733. As of now, the amount has come down to $147,532,685, according to the above wallet tracker website. It now totals 5.13 percent of his portfolio.
The second biggest meme coin by market cap is now the holder of the fifth place among the whales’ largest crypto holdings.
As for the number of holders, the Shiba Inu has 1,213,828 – an all-time high it has recently achieved.
Whales sell SHIB on the rise
According to data provided by CoinMarketCap, earlier today, the price of the meme token managed to go upward by nearly 5 percent, hitting the $0.00001255 price level. This is where the whales had sold their 323 billions of SHIB, making healthy profits from this sale.
With a large amount of tokens sold, a 5 percent increase was enough to turn a profit.
By now, the canine token price has eliminated some of its earlier gains, losing about 2.5 percent of the previous rise.
