(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.)
According to Whalestats, another massive purchase has been made by a SHIB Whale. This time a purchase of 50,736,574,302 Tokens was made and is valued at over 1.1 Million Dollars.
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🐳 An ETH whale just bought 50,736,574,302 $shib ($1,106,564 USD).
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 15, 2022
Whales have been coming out of the woodwork recently buying up Shiba Inu Tokens as the price has been steadily low. Many believe that Shib is currently undervalued and this is what is driving the whales to keep scooping up coins. over the last 10 days over 6 Million Dollars worth of Shiba Inu has been purchased by large whales with the largest whale now holding over 1 Trillion Shiba Inu Coins.