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SHIB Whales Buy $300 Million shib whales tokens

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SHIB Whales Buy $300 Million Worth of Tokens- shib whales tokens. Shiba Inu whales are not ready to lose the battle with FTX tokens. Since the two assets constantly battle for the biggest holding among the biggest wallets on the Ethereum chain.

We have covered the standoff between the two assets. In which FTX earned first place after Shiba Inu lost approximately $150 million. 150 million of capitalization among the largest addresses on the Ethereum chain.

On Jan. 4, Shiba Inu’s holdings on whale-tier addresses were calculated as  $1.4 billion. Though on Jan 5, holdings are being valued at $1.7 billion.

SHIB Whales Buy $300 Million Worth of Tokens- shib whales tokens

The $300 million increase in the value of whale holdings will be connected to both the price increases on Shiba Inu and the large purchase of tokens from whales. Due to the price increases, Shiba Inu is currently trading with a 1.2% profit. This profit is now near to which is nowhere near the $300 million value increase.

Other market metrics like the volume, the number of active addresses, and the net flow do not seem to show any positivity. The market volume is currently staying at $3.7 million and is also showing a 86% decrease.

One more thing to add here is that Shiba Inu’s market performance is also not showing any signs of recovery. It also does not show any implications of a trend change.

When we talk about the price of SHIB, it is currently staying at the same level as it was back in December.

Shiba Inu is currently trading at $0.000032.This is after losing 14% of its value since reaching the local peak on Dec. 28. The token currently reaches the most recent bottom of $0.000029.

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