Shrimps and Crabs Invest in Bitcoin, Sending Prices Soaring

The “shrimp” category of Bitcoin investors (those holding less than 1 BTC) have added 96,200 BTC to their collective stashes since the FTX exchange’s collapse earlier this month.

According to the analysts at Glassnode, this cohort now holds over 1.21 million BTC, which is equivalent to 6.3% of the world’s flagship cryptocurrency’s circulating supply.

Another category of smaller Bitcoin holders that took an opportunity to buy this month’s dip is “crabs,” a demographic holding between 1 BTC and 10 BTC. This category of investor added a total of 191,600 BTC over the past 30 days, per the on-chain data provider.

By Evey Lovelace

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