A 16 % price gain put Shiba Inu close to first position among the 1,000 largest whale addresses, despite the market’s mixed performance in the last few weeks of the year.
FTT token is presently in first position on the WhaleStats tracker, with $1.5 billion concentrated in whale wallets. At the same time, the biggest Ethereum addresses hold nearly $1.2 billion worth of Shiba Inu tokens.
In terms of the token’s market performance, Shiba Inu has been tracking the general trend on the cryptocurrency market by publishing local lows on a regular basis till now. While other cryptocurrencies are exhibiting ominous reversal indications, SHIB has had a 16 % price surge.
Due to the asset’s unusually low volatility following the massive 60% fall from its ATH, the increase in value might be regarded stronger than typical. Previously, Shiba Inu’s average daily volatility was about 2%, which is a very low amount when contrasted to its price action in October.
Shiba Inu interest among  whales
Despite Shiba Inu’s poor price action, whale-tier addresses have always been interested in the meme-based token, as unexpected purchasing power with volumes over $5 million surfaced often on SHIB’s way down.
An unidentified whale made the most recent purchase in December. Four trillion SHIB tokens worth $136 million have been added by an Ethereum whale.
Shiba Inu is now trading at $0.000022, up 16 % from its previous high, according to CoinMarketCap.
