The post Whales Accumulating Shiba Inu and Kangamoon, PepeFork Price Plunges appeared first on Coinpedia Fintech News
According to recent on-chain data, whales have shown interest in two DeFi coins, Shiba Inu and Kangamoon. They have been accumulating large amounts of the token due to its potential for bullish gains. On the other hand, PepeFork has come under bearish pressure lately and has dropped on the price chart.
Shiba Inu (SHIB): Whales Accumulate Trillions of SHIB Tokens
Shiba Inu (SHIB), the second-largest meme coin by market cap, has come under large whale accumulation in the past year.
According to data from Santiment, non-exchange Shiba Inu addresses have accumulated trillions of SHIB in the past two months. Supply held by the addresses increased from 493.42 trillion on December 14th to 497.11 trillion on February 6th.
The jump in supply here shows that these whales are bullish on Shiba Inu’s long-term price action. Compared with the top exchange Shiba Inu addresses, the o
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