Shiba Inu Billionaires: Trillions of SHIB Accumulation, 20% Increase in Holdings

Vignesh Karunanidhi
Shiba Inu Price Prediction (SHIB): September-End 2023
Source: The Cryptonomist

Shiba Inu is a prominent meme. Over time, it has emerged as the second-largest meme coin. SHIB has also earned a supportive community over the years. Thanks to the surge in price and various developments, SHIB has acquired a supporting SHIB army.

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According to the latest data from IntoTheBlock, Shiba Inu billionaire addresses have accumulated in the past 30 days. These billionaire addresses, which typically hold anywhere from 100 billion to 1 trillion SHIB, have accumulated many of these meme coins.

Source: IntoTheBlock

Shiba Inu whales accumulate billions

According to data from IntoTheBlock, SHIB holders with holdings ranging from 100 billion to one trillion SHIB have experienced a remarkable 20% growth in their balances. Over the past 30 days, from June 19 to July 17, the balance held by large Shiba Inu billionaire addresses surged from 103.18 trillion SHIB to 123.53 trillion SHIB, indicating a significant gain of 20.35 trillion SHIB.

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CoinMarketCap data shows that SHIB is trading at $0.000007707, with a 0.7% drop in value over the last 24 hours. The recent increase in Shiba Inu whale activity may indicate whale accumulation ahead of the highly anticipated launch of Shibarium. There has also been a 22,000% surge in 24-hour trading volume.