A recent on

A recent on-chain report published by Santiment highlighted how Shiba Inu holds a high concentration in the hands of a small group of its largest holders. It showed that

Crypto whales have transferred Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars in multiple transactions that occurred within hours of each other

Why Ethereum WhalesAreBuying Shiba InuHand Over Fist

Whales Abruptly Move Over $305,000,000 Worth of Shiba Inu and

ETH Whale goes all-in on Shiba Inu; Buys $39 Million worth of

Shiba Inu Emerges As Top Choice Of ETH Whales;

But why were the whales

Shiba Inu Price Crashes: $6M Whale Sell-Off Sparks

613 Trillion SHIB Held by Just 10Whales– What It Means forShiba Inu

But why were the whales specifically buying Shiba Inu? We can make some educated guesses. The increasing burning of SHIB tokens likely ranks as one factor behind

Data from Whalestats showed that

How Shibtoshi gambled 37 ETH and became a Shiba

Data from Whalestats showed that the top 1000 Ethereum wallets purchased over $88 million worth of SHIB tokens over a 56-hour window. The largest amount