Shiba Inu has once again become one of the most purchased tokens by the 1,000 largest Ethereum wallets. The sudden buying power appeared after the token lost first place as the biggest USD holding on whale wallets.
According to WhaleStats whale-tracking service, Shiba Inu has entered the top 10 of most bought tokens among large wallets. While the buying volume remains insignificant compared to the quantities owned by whales, this still indicates the presence of interest in the token.
According to the volume indicator on TradingView, traders are not willing to actively trade the asset and prefer larger caps like Ethereum or Bitcoin. The low activity of traders could also be tied to it being the weekend (for traditional financial markets).