Shiba Inu Retail Holders Climb to 1,193,397 as Whales Keep Buying Shib Dips

(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.)

Shiba Inu Token seems to be once again gaining momentum not just with ETH whales but retail investors as well. According to Etherscan Shib Holders have now reached 1,193,397 Holders as yet another record is broken. As we have previously mentioned this number is much closer to the 4,000,000 Holder Mark if Centralized Exchanges were accounted for.

Whales too are increasing their holdings as the Number 1 Whale “Light” grabbed 49,998,916,299 Shiba Inu tokens. That is equivalent to  $1.2 Million USD.

🐳 ETH whale "Light" just bought 49,998,916,299 $shib ($1,211,473 USD).

Ranked #1 on WhaleStats: https://t.co/g2Ri3NWSgL

Transaction: https://t.co/JZSXYtuEEv#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 25, 2022

A second whale emerged this week as well with a purchase of 55,802,919,158 Shiba Inu tokens for the price of  $1,373,867 USD.

🐳 An ETH whale just bought 55,802,919,158 $shib ($1,373,867 USD).

Ranked #12 on WhaleStats: https://t.co/3ADbDHvWPW

Transaction: https://t.co/ThXG5wXZsq#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 25, 2022

Shiba Inu is the second most held coin only surpassed by FTX by Ethereum Whales.

We are also seeing movement on Coinbase which indicates that Shiba Inu may take to the upside. Over the last 12 hours, the Market Cap climbed back up to 13 Billion Dollars, the volume is starting to increase, and the Shiba Inu Token is once again in the top ten most popular coins on the platform.