Shiba Inu Whales Sweep Up 33.4 Billion SHIB Tokens During Dip

• Whales accumulate over 33.4 billion Shiba Inu.
• The accumulation happened when the price dipped for a short span of time.
• 1/3rd of the transaction involved the movement of SHIB to Binance.

Shiba Inu have become increasingly popular in recent years, and as a result, the SHIB army community has emerged as a formidable force. This surge in popularity is due to several advancements that have propelled it to become the second-largest meme coin.

Several whales have been quite actively buying SHIB during the dip and selling high. This has been a recurring set of actions by the whales. The recent data from Etherscan reveals that anonymous whales have moved 33.42 billion SHIB.

Whales grab a chunk of Shiba Inu coins

The transactions are most likely to be either purchases or transfers of SHIB. Perhaps 1/3 of these transactions involved the movement of the meme coin to Binance, according to the data.

Both of the largest transactions involved transferring an identical amount of 11,205,456,164, while the second-largest transfer involved more than 7 billion Shiba Inu. The remaining three transactions involved moving 1.2 billion SHIB each.

According to CoinMarketCap data, Shiba Inu is trading at $0.000009956 at press time, with a 1.08% drop in value over the last 24 hours. The movement or purchase of SHIB doesn’t seem to have affected the price of the meme coin in any way.

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