According to data from WhaleStats, as the price of the second largest meme coin, Shiba Inu (SHIB), has plummeted, some whales are picking up at bottom prices to later sell at a high profit.
Whales have accumulated 372.4 billion SHIB
Thus, SHIB regained its status as the largest token position in dollar terms, replacing another famous currency. Whale bot WhaleStats says that two huge whales that have bought Shiba Inu quite frequently recently bought two large postal sums of SHIB:
BlueWhale0073 is estimated to have purchased 311,816,880,855 tokens worth $4,801,979. “Bombur” paid $1,004,847 for 60,606,002,938 Shiba, which he later transferred to his wallet.
The whale named “Bombur” now has more than $23 million in the wallet there is. “BlueWhale0073” has sold or moved their existing SHIB to another wallet.
Whales are also buying these altcoin projects
Some of the other tokens bought by the biggest crypto whales today are SAND worth $1,665,199 and Wrapped Bitcoin (WBTC) worth $18,991,739 . Additionally, 56,946,679,217 Shiba units were purchased by “Bombur”. On May 9, the whale had a total of 1.14 trillion SHIB tokens.
One step ahead, SHIB attracts an increasing number of investors
A new report provided by WhaleStats shows that the largest Ethereum whales have again placed the Shiba Inu as the largest token position in terms of dollar value. After briefly falling behind earlier in the day, the second largest dog coin has now surpassed FTX Token (FTT). Also, the number of wallets containing Shiba increased by more than 7,000 in May.
Shiba Inu, unable to maintain its critical support level, is on track to set a new local low, as we have covered in the analysis of cryptokoin.com. The next key support is at $0.000017 and Shiba, getting there, may find temporary relief once it reaches the support level. At the time of writing, the Shiba is trading at $0.00001758, up over 5% in the last 24 hours.
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