35 Billion SHIB bought by a whale during the crypto market crash

Whales seem unbothered by the crypto market crash called "crypto black Friday." Many joined the "buy the dip" sentiment with some purchasing some SHIB tokens.

According to Whalestats, Ethereum wallet Binance sent 34,999,133,058 Shiba Inu tokens worth $1,329,708 to an unknown Ethereum wallet.


35 Billion SHIB bought by a whale during the crypto market crash
screenshot from whalestats | Image: Whalestats

During the market sell-off, the smaller altcoins have experienced a greater loss compared to Bitcoin, including Shiba Inu and Dogecoin.


Shiba Inu lost 16% of its value at the peak but then, shortly after, recovered back at a 10% daily loss, which compared with Bitcoin's market performance.


In addition, Shiba Inu gained about 30% in one day but then fell back at 15% daily profit. The memecoin has been moving softly since November 26 and has not yet broken through some of its marks yet.


Although some whales bought a significant amount of the SHIB token, the market does not seem to react in any way.