$SHIB balances on large wallets are increasing after token profitability rises to 45%
, whales have recently purchased more than 470 billion Shiba Inu tokens worth approximately $10 million. Such large purchasing events allowed Shiba Inu to reach first place as the second-biggest holding among Ethereum whales worth $1.2 billion.
But despite the recovery of the market and more pleasurable investment conditions, the total value of Shiba Inu holdings on whale addresses have not increased since last year. At press time, the SHIB price remains at March 1 levels, which are still below December or even January levels. Such a strong value drop of the memecurrency led to a significant drop in profitability and decreasing demand on the market. Since 2021, the total whale holdings decreased from $1.8 billion to the range of $1.1 to $1.4 billion.
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