Top Shiba Inu Whales: Have they bought or sold in the last 30 days?

First, let’s take a look at the price movement over the past 30 days. Shiba Inu has decreased by 40% in the last 30 days. Other meme coins like Doge decreased by 30% while a Layer-1 blockchain like Solana also decreased by 50%.

Top Shiba Inu Whales

Despite this massive fall, the first 5 whales together added more than 5% to their balance. However, the behavior was not consistent.

Two of the whales reduced their balance while 2 added to their balance. A third did not make any changes. See the table below

Whales name Number of tokens currently owned Change in token balance in 1 month
0x72a53cdbbcc1b9efa39c834a540550e23463aacb 33 trillion -1 trillion
0xcffad3200574698b78f32232aa9d63eabd290703 21 trillion -0.5 trillion
0x2efb50e952580f4ff32d8d2122853432bbf2e204 12 trillion +5.7 Trillion
0x422193843fe209faa94f5cc1780e04965e77cb7f 11 trillion +0.6 trillion
0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd 10 trillion No change
Top 5 Whales 87 trillion +4.8 Trillion

Main points to note – The increase or decrease in Top Whale purchases has made no difference to the price over the past 30 days. Our analysis suggests that whales may play a critical role in launching or supporting a pump, but if external metrics are not in favor of a cryptocurrency, whale sales or purchases can only have limited impact.

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