ICYMI: top 1,000 $ETH whales hold $133,680,683 worth of $SHIB ShibaInu SHIB SHIBArmy
for the month in the portfolios of the 1,000 largest whales amounted to almost $30 million, which, if we take the average price for this period of $0,0000117, equals 2.6 trillion SHIB.
At the same time, the price of the Shiba Inu token also fell during the period under review, by around 20%. Comparing SHIB's decline figures with the main cryptocurrencies on the market, Bitcoin and Ethereum, and its main competitor Dogecoin, a conclusion can be made that Shiba Inu has fallen harder.Despite everything, there is still more than $130 million worth of SHIB left in the wallets of major Ethereum holders, and it seems that this is a rather positive sign.
To assess SHIB's prospects and how the fundamental developments around the token are assessed by market participants, it is definitely worth monitoring whales' positions. Thus, this same group of investors has been actively adding SHIB to their portfolios since late spring and parted with them during the 20% pump in mid-August.
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