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Shiba Inu Printing Price Recovery as SHIB Reclaims Position among Top 10 Tokens Purchased by Whales

According to WhaleStats, the tracker of top 1000 Ethereum Whales, in a tweet on 1st February, the digital token SHIB is back on the list of the top 10 most purchased tokens by 1,000 largest Ethereum whales.

Shiba Inu (SHIB) is currently printing price recovery. At the time of press, SHIB is trading at $0.00002172, with a relatively 2% price upsurge in the last 24 hours.

Read Also: Shiba Inu Dev’s Idea That Might Shake Crypto Space Handed to the Shib Core Team. Details

WhaleStats tweeted, β€œJUST IN: $SHIB @Shibtoken is back among top 10 purchased tokens by 1000 biggest ETH whale wallets. SHIB price ups 5.0% in the past 24hrs with a current price of $0.00002162. Attention Shib Army! Will you be ready?”

Shiba Inu (SHIB) Holder Count Continues To Grow

Despite the market downturn, the Shiba Inu holder count continues to experience notable growth. According to WhaleStats, the total number of Shiba Inu holders currently stands at 1,156,230.

Likewise, Shiba Inu’s top 100 whales have increased their average SHIB balance by 29.43%, while the average SHIB value has grown by 38.63%.

Read Also: AMC Theaters Confirms That It Will Start Accepting payments with Dogecoin (DOGE) and Shiba Inu (SHIB) in March 2022

The most notable among the recent buy-in is that of Ethereum whale “Jiraiya,” who bought $1,072,473 worth of Shiba Inu (49,998,760,270 tokens) on 31st January. This brings SHIB holdings for the top 1,000 ETH wallets to be 13.06%, or nearly 55.4 trillion tokens, worth $1.2 billion.

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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