Billionaire Ether whales are investing hundreds of millions of dollars in Shiba Inu and ApeCoin. Ethereum whales swarm on the Shiba Inu and around the newly listed Bored Ape Yacht Club’s ApeCoin. SHIB and APE intakes of whales cryptocoin.com as we discuss.
Attack on SHIB and ApeCoin
An unknown ETH whale spent $89,128,210 and purchased a total of 3,713,675,424,944 SHIBs for a total fee of $6, according to transaction data collected by WhaleStats, a resource that publishes crypto whales’ crypto transactions. Ranked #216 on WhaleStats, the whale asset currently holds $168.7 million worth of Ethereum, which is 59.69% of its total assets. The Shiba Inu is second in said value, accounting for 31.29% of the whale’s wallet. Tether and LINK are third and fourth with $17.9 million and $7.4 million, respectively.
WhaleStats also spotted another ETH whale that swept away $4,208,000 worth of APE tokens and spent $5 in transaction fees. The total wallet value of the whale asset, which ranks 20th on the list of the largest whales, is $2.20 billion. A deeper examination of investment allocations shows him deeply immersed in metaverse-connected projects and DAOs. However, it can be seen why the whales are making an effort to get on board with their newly found investment vehicles, as both the Shiba Inu and ApeCoin developers have an armor of strong conservatives and a great story to support their plans.
Shiba Inu remains attractive to investors
As reported, ApeDAO’s native token, a decentralized anonymous organization that is already attractive for successful BAYC NFTs, is expected to be huge for what ApeCoin wants to achieve. Currently trading at $9.90, APE is considered a good buy due to its low price and attractive circulating supply. Also, the project has already reached a market cap of $3 Billion, which shows how engaged investors are in the project.
On the other hand, the Shiba Inu remains a magnet for investors, firstly due to its low token prices and secondly, its planned entry into metadata. With the metaverse quickly gaining the attention of institutional and individual investors, the launch of Shiberse is expected to be a milestone for the price of SHIB. In addition, the release of Shiba Inu games and Shiboshi NFTs is expected to increase the value and support the price of the entire Shiba Inu Ecosystem.
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