Top 100 ETH Whales Still Prefer Buying Shiba Inu

Shiba Inu is still the most popular asset among the top 100 ETH whales. As per recent data shared by WhaleStats, SHIB holds the largest USD position in the wallets of the top 100 ETH rich list. The whales went all-in on Shiba Inu in 2021 and the feat might repeat in 2022 all over again.

The data shows that whales on average hold 2.637 billion SHIB tokens with the approximate USD value of $100,557,537. Also, the whale numbers in SHIB are increasingly growing and there’s news of a new whale entry almost every week. Whales are a dominant force in SHIB and have taken early entry positions before it spikes in price in 2022.

The whales named ‘Light’ and ‘Gimli’ have accumulated billions of SHIB over the months and are among the largest holders. The ‘Gimli’ whale purchased bag loads of SHIB for six months despite the token being at its all-time high.

There was news about ‘Gimli’ buying Shiba Inu almost every three days during October and November. In December alone, Gimli purchased SHIB thrice during the first week of the month.

During last week’s price dip, whales made use of the opportunity by accumulating 4.3 trillion SHIB tokens worth $4.35 billion. The meme-token spiked +19% in four hours after the whales’ purchase and settled at around +5%, last week.

The whale’s transactions came at the same time when Ask The Doctor went on a Twitter rant against Shiba Inu. Nonetheless, the Canadian healthcare firm has deleted all its tweets regarding SHIB and other tokens.

Full-blown whale activity in Shiba Inu raises questions as to ‘do they know something that the average investor doesn’t’? Many believe that whale activity in SHIB indicates that something big is on the cards in 2022.