Feb 26, 2022
As per the data released by Whalestats, ETH Whale, the “Light” wallet, purchased 49,998,916,299 Shiba Inu (SHIB) tokens, worth $1,211,473. Whales were using the dip to pocket their top coins, and Shiba Inu happens to be a favorite.
Russia's actions in Ukraine have caused a lot of turmoil for the world.
The cryptocurrency market experienced a bloodbath, with prices for every major token plummeting.
Price volatility creates big profit for some and big losses for others. A platform called "Light" used the dip and increased profits by large margins.
Is it true that the Shiba Inu breed is considered bullish?? Shiba Inu is a popular cryptocurrency among Binance Smart Chain [BSC] and Ethereum [ETH] whales, hence it is of no surprise that they are using the dip in prices to stock up on more Shiba Inu (SHIB) tokens.
Shiba Inu is down 15.3% over the 7-day chart. Although it saw a 9.5% increase over the last 24 hours, despite the downward trend in the market whales are not in a state of panic just yet.