Why ETH Whales Are Continously Buying Shiba Inu Token?

Arrow

According to WhaleStats, Shiba Inu remains the biggest USD-valued position among Ethereum whales with large wallets holding approximately $1.3 billion worth of SHIB.

According to TradingView data, SHIB lost more than 70% of its value since the ATH, which makes the Risk/Reward ratio in case of another rally appealing for investors.

Also, Shiba Inu investors are looking for an intense Shib burn strategy to sky-rocket the cryptocurrency price for more potential profit.