- A massive Shiba Inu whale bought a massive amount of SHIB, raising its bet on the wallet meme token to over 4.4 trillion SHIB.
Whale-watching platform WhaleStats reported earlier today that a large Ethereum whale Shiba Inu (SHIB) He said he bought it.
Additional data from Etherscan shows that this investor, who is among the top 1000 ETH whales, bought similar amounts of SHIB more than two weeks ago. After all these purchases, the investor now has 4.4 trillion SHIB.
Whale raises Shiba Inu stash to 4.4 trillion
WhaleStats detected today a SHIB transfer of 49,651,432,412 tokens, which is considered most likely a buyout. Received SHIBs have been sent to 0x2ee555c9006a9dc4674f01e0d4dfc58e013708f0.
🐳 An ETH whale just bought 49,651,432,412 $shib ($1,094,317 USD).
Transaction hash: 0xcfe21e38638a1fa3d6565c5b4a8b32818b1c32b553c6b25d227d4129f85673a7#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 14, 2022
Looking at the Etherscan data a little closer, it seems that this user has purchased Shiba Inu (SHIB) frequently over the past few months.
The last of these transactions took place about 7 hours ago, and the whale purchased a total of 49,651,432,412 SHIBs worth $1,094,317. Another transaction, which took place 17 days ago, shows that the wallet bought a slightly larger amount of the popular meme crypto token, 55,802,919 SHIB.
According to data from Etherscan, this investor has generally made bulk purchases of roughly 50 billion and 79 billion SHIB. However, 33 and 35 days ago, he also appears to have moved 200 billion and 100 billion Shiba Inu from his wallet in single transactions.
At the time of writing, the total balance of his wallet consists of 4,402,291,309,637 SHIB. This huge amount amounts to US$96,586,271 in fiat currency.
Apart from this wallet, the SHIB buying spree has been continuing unabated since the end of last year. On March 6, an anonymous Ethereum whale added approximately 42 billion SHIB, worth approximately $1 million, to its holdings.
SHIB is now accepted by major US theater chain
Four days ago, Adam Aron, CEO of the AMC movie theater chain, took to Twitter to announce that after months of user anticipation, the chain has finally started accepting Dogecoin (DOGE) and Shiba Inu (SHIB) meme tokens via the BitPay crypto payment service. .
BitPay is a payment service that helps merchants expand their online payment options with crypto and convert digital currencies to fiat for them.
The movie theater chain had originally planned to add the most popular meme cryptocurrencies to its list of payment options on March 19, but the move to accept meme cryptos as a payment method came a week ahead of schedule.
This development has been recognized by the community as an important new milestone in Shiba Inu adoption. Previously, Welly’s, an Italian chain of burger restaurants, collaborated with the SHIB development team. As a result of this collaboration, Welly’s team has been completely rebranded and adopted the Shiba Inu dog as their new mascot.
No effect on SHIB price
Despite all these developments and increased adoption of SHIB, none of these key partnerships and large whale purchases have had a significant impact on the token’s price. SHIB is trading at $0.00002192 at the time of writing, down 2% in the last 24 hours, according to data from CoinMarketCap.
You can check the price movements here.
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.