SHIB Whales Holding Much Less Shiba Inu Than in Early December – What's Happening?

Dec 31,2022
SHIB Whales Holding Much Less Shiba Inu Than in Early December – What's Happening?
  • Whales have significantly reduced their Shib holdings.
  • Several Shibare announcements hinted at pushing up the price.

According to the popular WhaleStats wallet tracking organization, the second-largest meme coinage is once again in the top 10 for whale ownership. However, compared with last month and the first month of December, there are as many as possible fewer firewood dogs involved in the larger wallets on the Ethernet chain.

In the past few months, the total number of firedog coins held by the largest 100th wallet on Etherum has roughly halved.

Whales have significantly reduced their Shib holdings.

According to WhaleStats data on the platform, the largest ETH investor owns a total of $44294390 of firewood dogs. In such a meme login password, this is about $1 million more than Thursday. At this stage, this is equivalent to 5536571068398-1.99% of the data encryption product portfolio strategy they make up.

Even so, by the end of November, the figure was still double that, at about $80 million. In early December, they held about $74 million.

All in all, since the collapse of FTX in early November, the price of Shib has continued to fall, and the price has increased by a zero. The current transaction price is $0.000008011. This should be the key to many whales reducing their Shib reserves.

Sometimes emoticons appear in the top 10 most popular coins, as happened on Thursday, December 29th, as included.

Several Shibare announcements hinted at pushing up the price.

In the past two weeks, Shib's top developer Shytoshi Kusama has indicated several times that the long-awaited Shibary Layer 2 agreement will be released on the Shiba Inu network and that it will be released "quickly".

Shytoshi announced that the public beta version of Shibium will be "quickly" gradually. She confirmed this in a recent tweet to be released after a meeting with Shibary's unified elite team of builders.

The price of Shib responded to the news by a little more than 3%, but it has already dropped some of the increase so far.