Shiba Inu Whale Accumulates 10,200,003,377,266 SHIB Worth $131,000,000 in Just One Month: On-Chain Data

Crypto Whale, which has dabbled in the Shiba Inu ecosystem, has become one of the biggest holders of SHIB after racking up a nine-figure value last month, the biggest rival of Dogecoin (DOGE).

According to data recorded by blockchain tracker WhaleStats, a wallet of unknown origin accumulation Over 10,200,000,000 SHIB tokens worth approximately $131 million at the time of writing.

Data from WhaleStats shows that there was only about $3,900 worth of cryptocurrency in the wallet before the massive accumulation took place on January 13th.

Source: WhaleStats

SHIB Is The Largest Altcoin Holder, According To WhaleStats in Top 5,000 largest whales in the Ethereum (ETH) network. Aside from stablecoins and ETH itself, SHIB is the favorite of Ethereum whales, ahead of Oracle network Chainlink (LINK), decentralized exchange (DEX) Uniswap (UNI), and virtual world blockchain Decentraland (MANA). altcoin.

According to WhaleStats, on Saturday, among the top 5,000 whales, SHIB was the most bought token, excluding stablecoins and wrapped Bitcoin (WBTC).

The whale accumulation comes as the Shiba Inu community awaits the release of Shibarium, a scaling solution built on Ethereum, similar to Polygon (MATIC), which aims to make the network more efficient. increase.

SHIB is up about 60% this year and is trading at $0.00001333 at the time of writing. Despite this year’s rise, SHIB remains down nearly 85% from his October 2021 all-time high.

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