Shiba Inu surged by 26% during Monday’s early Asian trading hours. Amidst the price increase, the dominance of SHIB wales on the Ethereum network has also jumped once again.
Data from WhaleStats shows that whale addresses hold around $1.5B worth of SHIB in their wallet address.
Whale addresses add SHIB to their balances
Large SHIB traders on the Ethereum network have significantly increased their meme coin holdings. Following the buying pressure, the concentration of SHIB on whale addresses sits at 26%.
READ MORE: source insidebitcoins.com