Shiba Inu (SHIB) is once again attracting crypto whales' attention as recent data reveals substantial accumulation among top wallets.
Increase in Whale Activity
Blockchain analytics show a sharp rise in SHIB transactions exceeding $100K over the past week, with 332 such transactions recorded, totaling over $1.51 billion. The movement of 4 trillion Shiba Inu between anonymous wallets valued at $99 million was noted on November 14.
Control over Large Volumes
Data reveals that large holders now control over 73% of the SHIB supply. These investors have increased their positions during market dips.
Price Resilience
Despite increased whale activity, SHIB’s price has only seen a slight 2% decline in the past 24 hours, which may indicate investor confidence.
While whale activity in SHIB rises, the impact on price remains minor. Investors should monitor for further market developments.
