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Yuri Molchan

According to the data from etherscan, whales have purchased more than 9 billion Shiba Inu, while the coin’s price is rising gradually

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Etherscan shows that in the past few hours, three crypto wallets have seen an inflow of SHIB totalling more than 9 billion tokens, which could signify a massive purchase.

Image via Etherscan

Over the past two weeks, the second largest meme cryptocurrency, SHIB, has been declining heavily, dropping from the $0.00003227 level on January 14.

Image via Etherscan

Today, on January 29, the meme crypto shows a slight increase of almost 5 percent, trading at $0.00002148 at the time of writing.

Whales have been purchasing more of SHIB recently. Earlier this week, U.Today reported that two of the top 1,000 Ethereum whales had bought a massive 106 billion Shiba Inu.

Overall, according to the data shared by WhaleStats recently, ETH whales now hold a staggering $1.5 billion worth of SHIB.

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