The whale continued to acquire SHIB in multiple deals ranging from $400,000 to $1 million, eventually amassing $1.88 million worth of the meme-inspired cryptocurrency.
The whale’s wallet has grown to 4.97 trillion SHIB tokens as a result of the accumulation.
Long-term investors now possess a significant amount of SHIB tokens, illustrating the token’s growing attractiveness among holders with a longer investment horizon.
Traders, or individuals who have held onto their SHIB for less than a month, hold 63.55 trillion SHIB, which is worth more over $650 million and represents less than 6.5% of the cryptocurrency’s supply.
