A Shiba Inu whale popular in the crypto community has purchased 58.9 billion SHIB tokens for a staggering $1.9 million. Known as ‘Light’, the whale is quite well known in the SHIB community and is ranked #3 on WhaleStats’ list of the largest ETH whales. Although its nickname is known in the community, the whale’s identity remains a mystery.
The “Light Wallet” whale has been continually adding SHIB to its portfolio since August 2021. Whale owns $1.2 billion worth of SHIB and the meme-token makes up the bulk of the investor’s portfolio, with a 34.18% dominance.
This major transaction was first announced by WhaleStats, who tweeted, “The third-ranked ETH whale ‘Light’ on WhaleStats bought 58,900,000,000 Shib (1,906,592 USD)”, the tweet also included a link to the transaction.
🐋 ETH whale “Light” just bought 58,900,000,000 $shib ($1,906,592 USD).
Ranked #3 on WhaleStats: https://t.co/g2Ri3NWSgL
Transaction: https://t.co/rnlLyh85K5#SHIB #ShibArmy
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) January 13, 2022
In addition to the Shiba Inu, the giant whale named ‘Light’ is mostly in the hand, among some other minor positions. Ethereum (ETH), polygon (MATIC), CRO, Decentraland (MEANING), ENJ Token also contains.
Whaling activity in Shiba Inu increased from June 2021 as the top 1000 ETH rich list went on a SHIB buying spree. Almost every other day there were reports that a whale was purchasing large quantities of SHIB.
The whales Light and Gimli are known as the two most popular names in the Shiba Inu whale community that got into this frenzy. Both whales have never stopped buying bags of meme tokens over the past seven months.
Despite this huge community and whale support, the event that investors most anticipated still hasn’t happened and Robinhood; It still hasn’t confirmed that it has added SHIB to the platform. Not only that, the platform continues to keep its mouth shut about possible listing developments.
While Robinhood didn’t say anything specific about the listing, Robinhood CFO Jason Warnick said the company is aware of the large number of community requests to list the Shiba Inu and is always considering users’ requests, explaining that the company needs more regulatory clarity before jumping into new listings.
At the time of publication, the Shiba Inu, which rose by double-digit percentages as a result of the positive news swirling around it during the day, seems to have lost this momentum. The meme coin, which is at $0.000030 at the time of writing, is trading down about 6 percent in 24-hour daily trading. But overall the token is bullish and if Robinhood approves the listing, the price is expected to take a giant leap forward.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.