Shiba Inu whales have been gobbling up the recent dip in Shiba Inu, with on-chain data showing some accumulating an enormous 2.39 trillion SHIB between them. SHIB’s price has been on a downtrend since the beginning of the month, falling as low as 20% from the yearly open to reach $0.000008735 on January 8th. Although the crypto has since recovered 15% from this low and is now trading at $0.000009763, its price is still showing signs of decline and is currently down by 3.3% in the past 24 hours. Behind the background sits some whales, gobbling up a whopping 2.39 trillion SHIB tokens worth $24.15 million and sending them straight to cold storage. Cold storage mostly refers to digital wallets that are not owned by crypto exchanges, making the SHIB stored in them inaccessible for trading or selling. By putting their Shiba Inu into cold storage, these whales show that they plan to HODL for the long term. Related Reading: Bitcoin Retreats: ETF Dream Fades, Price Tumbles Under $42,000 Whales Accumulate 2.39 Trillion SHIB In A Month Shiba Inu’s ecosystem is home to many whale ..
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