One of the questions in the last crypto drop was how the whales would act. The potential for crypto whales to influence the market is a well-known fact. According to the data, the fall in the price of Shiba Inu (SHIB) has mobilized huge Ethereum whales, increasing their meme coin balances.
Shiba Inu (SHIB) It has dropped to unprecedented levels since January. The popular meme coin has lost over 10% in the last 7 days. It was thought that the whales would not want to miss this drop, and it was as expected. Leading investors of Ethereum (ETH) continue to increase their holdings in SHIB without slowing down.
The most notable among these purchases is a giant whale named BlueWhale0073. According to WhaleStats data, BlueWhale0073 took advantage of this opportunity by buying a significant amount of Shiba Inu when the price dropped. The transaction took place 11 hours ago.
Koinfinans.com As we reported, according to data, 215,815,570,539 (215.81 billion) SHIBs worth $2,209,951 ($2.20 million) were transferred from an unidentified address to BlueWhale0073’s wallet. The sending wallet paid a fee of $33.46 to complete the transaction.
It is also worth noting that BlueWhale0073 is ranked 254th in WhaleStats’ largest Ethereum address list. Moreover, this purchase is not the whale’s first meme coin purchase. Whale has made a number of SHIB acquisitions since March 3, 2023. In the last ten days alone, BlueWhale0073 has purchased over 674 billion SHIBs.
Seeing the Fall as an Opportunity, the Whale Attacked This Meme Coin, Three Times!
On the other hand, the whale holds the SHIB for a long time, according to the data, and only buys when the price is low, and sells when the token’s value increases. Currently, BlueWhale0073 only has 2.24 billion SHIB worth approximately $23.141.
You can check the price movements here.
Source : the crypto basic