The Shiba Inu whale holding $1.3 billion tokens lost 45% of its portfolio. While some people follow whales for profit, this time it wasn’t. There is a clear loss. According to wallet performance statistics on the WhaleStats monitoring service, the Ethereum network whale, which currently owns $1.3 billion worth of popular altcoin Shib, is no longer one of the top investors among the top 1000 Ethereum wallets as it lost $3 billion in less than a month. Detail Cryptocoin. com
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According to the performance chart, the value of the wallet dropped from $7 billion at the beginning of December and is now $4 billion. The main source of losses is the Shiba Inu token, which is currently trading with a loss of 58% compared to its ATH. But the Shiba Inu should be responsible for only half of that, as the whales’ assets have dropped 45% since the beginning of December, and the token has been trading with a 22% loss since the start of the month. Other tokens that could negatively impact the whale’s portfolio are Ethereum and Mana, which lost 30% overall. Summing up the losses from the SHIB token, we get 52% unrealized losses from the three positions. The tracking process becomes more complex as the address is constantly sending and receiving different tokens.
What does the high-end wallet hold today? According to the wallet page on WhaleStats, “Light” still holds 35% of its portfolio in Shiba Inu tokens, while Ethereum ranks second with 17% portfolio dominance. Both major positions are currently trading at losses. The only “positive” asset on the whale’s balance sheet is Matic, with a 5.2% positive price change in the last 24 hours. Tokens and cryptocurrencies such as Enjin, Sand, Mana, and Wrapped BTC are unfortunately underperforming for whale with an average loss of 1.5% in the last 24 hours.