Large purchases, also referred to as cryptocurrency whales,
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Spent around $136 million to purchase 4 trillion tokens.
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Shiba Inu coins currently make up around a quarter of the whale wallet, which is worth a total of $500 million.
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In October, the Shiba Inu achieved an all-time high and has since been sharply declining.
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The wallet now has over 1.67 trillion Shiba Inu after a single whale raised 50 billion tokens.
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Around 100 billion tokens were purchased by further whales.
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Shiba Inu tokens are still only worth a fraction of a penny each.
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However, based on market cap, it is still the 13th largest cryptocurrency, according to Coinmarketcap's rating.
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A Dogecoin substitute based on Ethereum is called Shiba Inu Coin after the Japanese dog.
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It was established in August 2020, according to a prior Insider report, by a man by the name of Ryoshi.
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