After the general cryptocurrency market sell-off, Shiba Inu Whale continues to pile in funds on their favorite meme-token. Notably, a new whale just buys 171 billion tokens.
Furthermore, The first transaction comes on the blockchain one day ago. Notably, it buys $6 million worth of SHIB tokens.
Also, The token is trading around $0.000049 after the huge correction on the cryptocurrency market generally.
Also, Eleven hours after the first order, another whale goes on to buy another $2.3 million worth of tokens. Of course, this is as Shib continues falling below $0.000048.
Whale Purchase A Good Way?
Furthermore, there’s much expectation as more whales buy into the token.
Notably, After Shib hits the previous ATH, the share of whales on the network slightly decreases. Of course, this leads to the massive 45% correction in less than a week.
Lastly, as whale purchases grows, retail traders will no longer constitute the majority of the market. Of course, whales don’t hold position unlike Retail investors/traders.