Shiba Inu Whales Increase Their Portfolio Despite Criticism; 53 Billion Tokens Added to the Balance

Dec 24, 2021 at 11:06 // News
Lana Smiley
New whales join Shiba Inu community

Interest in the Shiba Inu meme token is growing despite the criticism its developer is facing. Investors tend to increase their portfolio as new whales join the community.

As reported by transaction tracker WhaleStat, one Ethereum whale has purchased 53 billion SHIB tokens with a total value of $2,008,890. Meanwhile, existing Shiba Inu investors have increased their portfolios by an average of 8%.

Good news comes with bad news

This purchase comes at the same time as another wave of criticism related to the meme token and its legitimacy. As reported by CoinIdol, a world blockchain news outlet, Shiba Inu developer Shytoshi Kusama was attacked by a popular Canadian medical information service, Ask The Doctor. The service posted a series of rather aggressive tweets calling the token a scam and threatening Kusama with legal action.

In early December, a well-known Wolf of Wall Street also criticized the SHIB token, calling it a scam. However, none of the attacks seem to have hurt Shiba Inu. On the contrary, the token's price is on the rise. In the last 24 hours, the coin has gained about 6% in value, while in the last 7 days it has increased by 19%, according to the data by CoinMarketCap.


In general, the SHIB price has seen a huge increase of 629% since November 2021, which makes it a promising investment opportunity for 2022.

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