Looking at the whale movements recently, it seems that the Arbitrum (ARB) token, which has been very popular in the past weeks, has started to be sold. On the other hand, the largest SHIB whale increased its holdings. Among the coins that whales bought, coins such as BLUR and DYDX also drew attention. Here are the purchases of whales selling ARBs…
Whales sell ARB
According to Lookonchain data, the whale that bought 1.4 million ARBs at an average price of $1.15 and whose address began with “0x5aaa” received an airdrop of 12,000 ARBs and eventually sold them for an average price of $1.53. As a result, he converted his ARBs to 2.16 million USDC. Thus, he made a profit of about $550,000. An ARB whale with an address starting with “0x8fe1” bought 730,000 ARBs at an average price of $1.37 and converted them to 1.1 million USDC at an average price of $1.51, making a profit of about $105,000.
SHIB whale bought 171 billion coins
On the other hand, the 19th largest Shiba Inu whale bought 171.68 billion SHIB for a total value of $1.88 million in four separate transactions. The buying spree started Thursday with the purchase of 38.83 billion SHIB worth $426,407 from Binance-associated “Binance 14” wallet, according to Etherscan.io. The whale then made additional purchases minutes later, purchasing 10.75 billion SHIB from an unknown wallet. Not content with these purchases, the buying frenzy continued with a purchase of $440,398 for 40.1 billion SHIB.
The fourth and final transaction was the largest of all, with the whale purchasing 92.72 billion SHIB at an estimated $1.01 million. The Shiba Inu whale currently has 5.05 trillion SHIB, worth $55.39 million. cryptocoin.com At the time of writing, SHIB is changing hands at $0.00001132, up 1.9 percent, according to data.
Whales focus on other altcoins
According to Ember data, last week, the giant whale address starting with 0x0349 bought 1 million BLUR from Amber via an OTC channel. He used 576,000 USDC for this. He then used 805,000 USDC to buy 500,000 BLUR and 20 10,000 DYDX. Currently, 1.4 million DYDX (average cost $2.57) and 4.5 million BLUR (average cost $0.65) have been purchased.
In summary, the Shiba Inu whale has made a series of major SHIB acquisitions with a total value exceeding $1.88 million. The whale currently holds 5.05 trillion SHIB, worth over $55 million. Whale also bought other cryptocurrencies such as BLUR, DYDX and ARB, making significant profits in the process. However, ARB came to the fore with more sales. This buying spree sparked interest in the cryptocurrency community. Only time will tell how all this will unfold, but for now, whale remains a force to be reckoned with in the cryptocurrency world.
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