Shiba Inu whales abruptly come to life as SHIB rallies 34% in just one day: Santiment

08/16 14:05

According to Dailyhodl, crypto analytics firm Santiment is tracking major purchases of popular meme coin Shiba Inu (SHIB) by some of the wealthiest wallets in crypto. The data aggregator points out that whales abruptly came out of slumber on August 14th and executed the largest number of transactions worth more than $100,000 in four months. “Shiba Inu has been on the move this weekend and is up +34% in the past 24 hours while crypto has been fairly flat. Not so coincidentally, whales have been very active on SHIB. There have been 433 transactions valued at $100,000+, the most in 4 months.” Crypto intelligence firm IntoTheBlock provides even more granular data about SHIB, noting that 60% of holders are currently underwater with only 35% sitting on unrealized gains. An additional 5% are even on their investment. Looking at the concentration of large Shiba Inu holders, whales and investors who own at least 0.1% of the altcoin’s supply dominate, holding 81% of SHIB in circulation.
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