Whale Accumulation Doesn’t Stop On This Meme Coin: 680 Billion Purchases!

  • The Shiba Inu buying spree, which started at the end of last year and affected the largest ETH whales, continues unabated, regardless of the price of the cryptocurrency.

Colossal Ethereum (ETH) whales have been making a big splash in the last 2 days, in light of major development plans from the popular dog-themed cryptocurrency. Shiba Inu (SHIB) made the purchases.

Yesterday, 622.05 billion SHIB tokens worth $16.72 million were accumulated by the top three Ethereum (ETH) whales. As reported by WhaleStats, the 9 largest ETH whales, Gimli, processed two transactions in total, adding a total of 421.37 billion SHIB to its wallet for 11.31 million.

Following this transaction, a mysterious whale, currently listed as the 167th largest Ethereum (ETH) whale on WhaleStats, devoured 150 billion SHIB worth $4.05 million in a single transaction. Following this transaction, the 16th-ranked ETH whale bought 50 billion SHIB for $1.3 million.

In a tweet published today, whale watching platform Whalestats reported a transaction that followed the metaverse developments announced by SHIB. An Ethereum whale spent more than $1.5 million buying more than 58.6 billion SHIBs.

According to the data, the huge wallet added 58,624,985,970 Shiba Inu to its cache for a total of $1,579,357. Despite spending more than $1.5 million buying the whale meme coin, the trader only spent $16 in transaction fees.

The latest development marks a growing adoption among whale investors, who have always taken advantage of the market to hoard the dog-themed cryptocurrency.

This groundbreaking exchange, which began after the SHIB team’s announcement and continues today, comes just hours after the Shiba Inu was ranked as the second most valuable cryptocurrency held by the top 500 Ethereum addresses.

Today, the 19th largest ETH Whale has also bought 47 billion Shiba Inu. As a result of all these purchases, since yesterday, top Ethereum (ETH) whales have collected 681 billion SHIB tokens, worth a total of $18.62 million.

The increasing adoption of SHIB by whales is not likely to stop anytime soon, given the fact that the project team continues to launch interesting initiatives in the Shiba Inu ecosystem to make the cryptocurrency attractive to potential investors.

Yesterday evening, the developers of the project announced the release of 100,597 plots on SHIB: the Shiba Inu team has finally introduced the highly anticipated metaverse project, which will compete with Decetraland.

Although Shiba Inu (SHIB) managed to regain its market value of $ 15 billion for a while due to the huge accumulation of whales, it followed the downtrend in the market today and experienced a decline. SHIB is trading at $0.000026, up over 6% in the past seven days.

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.


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