Whales Second Largest Holding Is Once Again SHIBA INU

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Despite the questionable performance of the market during the final few weeks of 2021, Shiba Inu was able to recover from the severe correction, registering a one-year price hike of 16% which put it very close to the top of the largest holdings within the top 1,000 Ethereum addresses.

First position at the top of the WhaleStats tracker is currently held by FTX tokens with $1.5 billion residing into the pockets of whales. In addition around $1.2 billion of Shiba Inu token are being stored by the most powerful Ethereum addresses.

WhaleStats Data

#SHIBA is once again the second most held token by the top 1000 #ETH wallets. Let's Go #SHIBARMY! pic.twitter.com/jji550NroU

— ShibDream * ShibArmy.co 💎 (@theshibdream) January 23, 2022

For the performance on the market, Shiba Inu has been closely following the general trends on the market for cryptocurrency, by continually updating its local lows to the moment. Although the majority of the cryptocurrencies that are available show unclear signs of reversal, SHIB has suddenly gone through an increase of 16.

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The price increase may be considered to be more than average due to the minimal volatility of this asset following the massive 60 percent decline of its ATH. In the past, the average daily fluctuation of Shiba Inu was at approximately 2.2% and that’s a remarkably low number when compared to the price action in October.

Whales’ Shiba Inu interest

Despite the negative price movement in the case of Shiba Inu, whale-tier addresses have always been keen on the meme-based token because an increase in buying power, with more than $5 million in volume always appeared to be on the descent.

Most recently, the purchase was done by an unknown whale in December. An Ethereum whale also added 4 trillion SHIB tokens, worth around $136 million.