Online Monks logo

Will Ethereum whales still be buying??

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.