A massive whale in the world of Shiba Inu ($SHIB) cryptocurrency has expanded its holdings to nearly 5 trillion tokens, worth approximately $1.88 million, through four separate transactions.
The investor acquired SHIB from wallets connected to prominent cryptocurrency exchange Binance, as well as from unmarked wallets and those associated with proprietary trading firm Jump Trading.
This accumulation spree has swelled the investor’s wallet to 4.97 trillion SHIB tokens. Alongside SHIB, the investor’s wallet also contains Ethereum ($ETH), Polygon ($MATIC), Avalanche ($AVAX), Chainlink ($LINK), Aave ($AAVE), Compound ($COMP), Uniswap ($UNI), amounting to $170 million in digital currency holdings.
Recent data has shown that a significant number of SHIB tokens are now held by long-term investors, with holders who have kept their tokens for over a year collectively owning 687.17 trillion $SHIB, which is worth over $7.20 billion.
These long-term holders control almost 70% of Shiba Inu’s circulating supply. Cruisers, or those who have held their tokens for one to 12 months, own 232.54 trillion $SHIB, which is worth more than $2.43 billion, while traders who have held onto their SHIB for less than a month control 63.55 trillion SHIB, worth over $650 million, and less than 6.5% of the cryptocurrency’s supply.
