Whales are one of the prominent parts of the crypto industry as they do interesting transactions between wallets. Cryptocurrencies are playing a vital role in the current financial sector where they will be the future of the digital world. Thus storing cryptocurrencies has its own value which is where whales come into play.
Whales usually shift the potential cryptocurrency and store it in their wallets for generating more gains in the future. Significantly, whales target mainstream and trending cryptocurrencies in the market which will result in huge profits. Similarly, SHIB is also a trending meme-currencies that performed well last year grabbing the attention of the whole crypto industry.
SHIB Archives is an official Twitter page, which posts the trending and current status of SHIB as they happen. Currently, SHIB does not go viral but it was performing well in the past and also surpassed the performance of mainstream cryptocurrencies in Q4 2021. Though SHIB is a meme-currency, the adoption and popularity that SHIB earned are massive.
$523 Billion Worthy SHIBs In Total
According to SHIB Archives, ETH Whale just purchased SHIBs worth $6.5 million which now totals $523 Billion worth of SHIB tokens. Moreover, ETH whales are investors who own large quantities of Ethereum cryptocurrency. Though whales mainly focus on mainstream currencies like BTC and ETH, it also plays along with the trend.
ETH Whale Just Bought MORE $SHIB Worth $6.5M, Overall Whales Accumulated 523 Billion $SHIB 🚀🤑
— Shiba Archives (@ShibaArchives) March 29, 2022
ETH whales entirely hold SHIB tokens worth $523 billion which also includes the recent purchase of SHIB worth $6.5M. This is a part of frequent whale activities where these anonymous traders have been active in recent years. However, shifting and storing cryptocurrencies will be constant activity in the upcoming days. As the trend changes, the anonymous transfers of cryptocurrencies will also change. Bulk amounts of transferring crypto-assets will also take a huge part in the price action of any particular token.
