Ethereum (ETH) whales do not seem to have lost interest in the Shiba Inu. The 130th largest Ethereum whale has bought $3 million worth of cryptocurrencies in the last 24 hours. Here are the details…
Crypto whales still have eyes on SHIB
Shiba Inu (SHIB) has become the most traded token among the top 100 ETH whales, with a key ETH investor purchasing $3 million worth of SHIB in the last 24 hours. WhaleStats, a crypto whale tracker, recently shared the transactions of the 130th largest ETH whale labeled “Galion”. He reported that the whale has accumulated a total of 272 billion SHIB, worth $3 million, in two separate transactions over the past 24 hours.
According to the WhaleStats report, the key ETH trader became active about 8 hours ago. In his first transaction, he added 100 billion SHIB worth $1.10 million to his wallet at an average price of 0.0000109 per SHIB. At the same time, the deep-pocketed ETH investor made another significant transaction and received another 172 billion SHIB worth $1.89 million.
Etherscan.io data reveals that the top ETH whale currently holds a total of 282.79 billion SHIB, worth $3.09 million. After this huge accumulation from the 130th largest deep-pocketed ETH investor, Shiba Inu managed to surpass the Basic Attention Token (BAT). It becomes the most traded token among the top 100 ETH whales.
What is the latest situation in SHIB price?
Despite these positive developments, SHIB, the second largest dog-themed cryptocurrency based on market capitalization, has lagged behind in terms of price. At the time of writing, SHIB is changing hands at $0.00001094, down 4.1 percent. The cryptocurrency seems to be affected by the general decline in the market. cryptocoin.com As we have also reported, Bitcoin (BTC) started the day with a sharp decline. The largest cryptocurrency, which managed to exceed $ 20,000 yesterday, is currently at $ 18,700.
Altcoins like SHIB are also heavily impacted by BTC’s price action. So, we can say that it was the general market recession that caused the SHIB to drop in the last 24 hours. Still, SHIB is up 3.9 percent in the last 7 days. However, it is worth noting that the cryptocurrency, which is in 13th place with its market value, is 87 percent below the record level. As it is known, SHIB recorded its all-time high at $0.000008616 on October 28, 2021. So, exactly 11 months ago.
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