Shiba Inu [SHIB] whales went on a massive accumulation spree in the backdrop of its price surge. According to data on WhaleStats, the top 1k Ethereum wallets at the time of writing hold 42% more SHIB tokens in the last 24 hours. The latest development caused the Shiba Inu to soar by more than 35% in the day trade as the large-volume investors reaped the benefits. Typically these holders have a minimum balance of SHIB by least 2.5 billion tokens. If that’s the bare minimum, then one can imagine the sheer volume in the portfolio of the majority of whales.
Since the end week of July this year, whale movements in the Shiba Inu have shot up and from the month of this November, these large-scale holders have made good use of the recent dips and added loads of tokens to their portfolio.
As a matter of fact, on November 23, a Shiba Inu whale bought a whopping 850 billion coins worth $36 million during the dip. The recent purchase was preceded by a first-time SHIB investor who purchased up to 170 billion SHIB coins valued at $8 million during the dip on 17th this month.
Shiba Inu’s much awaited listing on Kraken Exchange
Previously Tronweekly had reported on the much anticipated Newegg listing of Shiba Inu to its catalog of the accepted modes of payment. After gaining entry across major exchanges, Kraken finally fulfilled its ‘overdue promise’ to allow the listing of the asset in its platform. According to the press release on Monday, the trading platform announced that asset deposits are open to users and trading is expected to start on Tuesday.
“Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution.”
At the same time, the exchange also clarified that the futures and margin trading service will not be available for the time being and will be traded only against USD and EUR at the moment.
At press time, SHIB is trading at $0.000051 USD with a 24-hour trading volume of $8.66 billion. The asset rose by 30.88% in the last 24 hours. The 11th rank asset has a market cap of $28.03 billion as per Coinmarketcap.