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Ethereum Whales Continue Shiba Inu Buying Spree As Average Holdings Cross $57M

Published 18/04/2022, 11:40
© Reuters Ethereum Whales Continue Shiba Inu Buying Spree As Average Holdings Cross $57M
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The largest Ethereum (CRYPTO: ETH) wallets bought a significant amount of Shiba Inu (CRYPTO: SHIB) over the weekend.

What Happened: According to data from Whale Stats, the average SHIB balance among the top 100 SHIB holders is now over 2.36 billion tokens.

The coin saw net inflows of over $50.4 million SHIB on Sunday, representing a 480% surge over 24 hours.

SHIB also recorded a 430% uptick in trading volume on the day as it breached $53 million.

See Also: How To Buy Shiba Inu Coin (SHIB)

As per the most recent data, the collective value of the 2.36 billion SHIB tokens held by whales now exceeds $57 million in value.

What Else: Shiba Inu’s three-day metaverse land bidding event came to an end over the weekend.

Some holders complained that they were priced out of the bidding auction because Whales were able to overbid to secure their land.

Price Action: According to data from Benzinga Pro, SHIB was trading at $0.00002419, down 6.11% in the last 24 hours.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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