- Whale Raises 100 Billion Shiba Inu Tokens
- Keith paid $3.8 billion for tokens
- The cryptocurrency market is divided according to the potential of the token.
SHIBA-INU came into the spotlight last year after its developers announced good prospects for this project. Since then, investors have not returned, buying up large volumes of the token. Although the market is currently in turmoil, SHIBA-INU investors are free as they continue to buy millions and billions of tokens. According to the analytics website update, WhaleStats, one of the major BNB holders, has acquired a whopping 100 billion SHIBA-INU tokens.
SHIBA-INU bought for $3.8 million.
According to WholeStats, all 100 billion SHIB tokens were purchased for approximately $3.8 million. In addition to being one of the largest holders of SHIBA-INU, the wallet also holds about $500,000 worth of BNB and another token based on Binance Smart Chain. This latest purchase is the result of large purchases from investors considered whales.
Whales are investors who enter the market to buy a large number of tokens. They are usually in the top ten wallet categories with the most tokens in the world. According to analysts, one of the reasons these whales are buying up the token is because they think the asset could rise in the future. The Shiba Inu is currently not doing well in the cryptocurrency market as it has lost 3.47% of its value in 24 hours and is trading at $0.00003702.
Investors divided by token
Although the token is experiencing difficulties, more than 1000 wallets around the world hold a large amount of the token. Another obvious fact is that the asset has gradually won the hearts of investors. Some analysts believe that the token does not have the potential that the developers claimed about the Wolf of Wall Street; Jordan Belfort stated that the role is a scam and shouldn’t generate all the hype it creates in the marketplace.
Belfast was arrested after swindling investors of their hard-earned money. In a recent interview, an ex-Wall Street trader hopes the developers of the token will end up in jail. Retail traders are wary of the meme coin due to whale traders raising money. According to the latest data, whale investors own about 89% of all SHIBA-INU in circulation.