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SHIB Whale adds 53 billion tokens amid growing balance sheet held by large holders

SHIB Whale adds 53 billion tokens amid growing balance sheet held by large holders

U.today reports that the Ethereum whale has added 53 billion Shiba Inu tokens to its holdings, which amounts to $2,008,890. The average balance of SHIB, which is held by large SHIB owners, is up 8%, according to data provided by the whale watchdog site.

Shiba Inu's price rose nearly 7% in the past 24 hours in line with the overall market uptick as positive investor sentiment spread through the markets in the run-up to the holidays. Whale accumulation also appears to be playing a significant role in Shiba Inu's rise from lows of $0.00002820 since Dec. 20, with SHIB retaining its top spot as the largest token by dollar value. The top 100 Shiba Inu holders also increased their portfolios, as WhaleStats reports an 8% increase in the average SHIB balance of this investor category. SHIB's net flow is also up 629%, showing a healthy performance. The Shiba Inu network is also growing, with more than 85,293 new users after reaching the one million user mark just over a month ago, bringing the number of users to 1,085,293.

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