![](\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2023\/02\/Web-capture_13-2-2023_1597_www.whalestats.com_.jpeg\")
<\/p>\nA massive Shiba Inu whale has accumulated over 10 trillion tokens of the meme-inspired cryptocurrency in about a month, in an accumulation trend that suggests it has been moving funds from another wallet it controls, presumably for security or organizational purposes.<\/p>\n
According to data from whale monitoring service WhaleStats, the whale wallet had around $3,900 worth of digital assets on its wallet at the beginning of the year, before entering a massive accumulation spree of the meme-inspired cryptocurrency.<\/p>\n
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Shiba Inu currently makes up 99% of the wallet\u2019s portfolio, with it only having $2,600 worth of Uniswap ($UNI) and $575 worth of SideShift Token ($XAI). The accumulation has seen the wallet become one of the largest $SHIB holders on the blockchain, a significant feature taking into account the cryptocurrency is the largest altcoin holding among the top 5,000 whales on Ethereum.<\/p>\n
Behind Shiba Inu an Ethereum\u2019s native $ETH token, whales on the network are holding onto Chainlink ($LINK), $UNI, and Decentraland ($MANA), as Daily Hodl reported. The whale accumulation comes at a time in which the Shiba Inu community is eagerly awaiting the release of its layer-2 scaling solution, Shibarium.<\/p>\n
As CryptoGlobe reported, blockchain data has revealed that most SHIB holders are still underwater, while the majority of rival memecoin Dogecoin ($DOGE) holders are in a state of profit.<\/p>\n
Earlier this year Shiba Inu partnered with the North American luxury brand Bugatti Group in the minting of non-fungible tokens (NFTs) in a \u201cspecial event\u201d in which the Bugatti Group hosted a \u201cmint party and space\u201d dedicated to Shiboshis.<\/p>\n
According to an account associated with the meme-inspired cryptocurrency, the special mint\u00a0collection \u201csold out in the first 4 minutes\u201d\u00a0of the event as demand for the tokens far exceeded supply.<\/p>\n
Featured image via\u00a0Pixabay.<\/p>\n