How many whales own Shiba Inu tokens?

According to The Block, just eight whales control 70.52% of the Shiba Inu supply, with one whale holding 41.03% of the circulating supply. Price rallies have often followed whales buying large amounts of Shiba Inu tokens. Most recently, an Ethereum whale bough t 277 billion SHIB tokens for $11.5 million.

How much Shiba Inu did a single wallet buy?

A single wallet purchased nearly $134 million worth of shiba inu tokens, wallet trackers show. Prices of shiba inu saw a 10% spike on Tuesday as whales – a colloquial term for large holders of a given asset – added to their positions earlier this week.

What happened to Shiba Inu?

In October, an Ethereum whale bought 277 billion SHIB coins. Also, the largest Shiba Inu position is in a dead wallet created by Vitalik Butarin, the co-founder of Ethereum. 2. Expectation of wider adoption

Is Shiba Inu a Dogecoin?

Shiba inu, a self-styled dogecoin rival, was founded in mid-2020 when the broader crypto market was seeing an influx of meme projects and food-themed coins like yam tokens. SHIB was written off by many at the time as one of the many meme coin projects that seemingly appeared out of nowhere.