223 Billion Breast Coin Purchases From Giant Whale – Here’s Why

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WhaleStats, the tracking platform that tracks the largest wallets on Ethereum, BSC, and several other blockchains, recently reported that the 329th largest ETH whale has accumulated a massive backlog. According to the shared data, giant ETH investor “BlueWhale0073” bought a staggering amount of 223,077,962,531 (223.07 billion) meme coins worth $2,755,012 ($2.75 million) in one significant transaction. The transaction in question took place about 10 hours ago.

According to WhaleStats, this move has made the Shiba Inu (SHIB) the 8th most bought token among the top 1000 ETH whales in the last 24 hours.

The increased interest in ETH whales for the Shiba Inu (SHIB) is attributed to the upcoming Shibarium launch.

As we recently reported, Shiba Inu lead developer Shytoshi Kusama has denied rumors that the launch may be on Valentine’s Day, stating that he cannot give a fixed launch date. Later, Kusama announced that the launch could take place before May this year.

Purchase of meme coin Shib from whale

Koinfinans.com As we have reported, Shibarium could change the fate of SHIB. According to reports, Shibarium may also integrate a built-in “burn” mechanism that could remove SHIB tokens from circulation. Therefore, Shibarium is being touted as a development that can sustainably increase the price of the meme coin. The highly anticipated launch of Shibarium has fueled demand, adding to the growing excitement about the project.

Whales and retail investors alike believe SHIB can deliver desired financial results in the long run. It is not surprising that whales are buying meme coins as investors are eager to take an early entry position before the launch of the Shibarium layer-2 network.

As of press time, the Shiba Inu (SHIB) is trading at $0.00001236, down 4.38% in the last 24 hours.

You can follow the current price action here.

Source : the crypto basic


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