Ethereum whales continue the widespread adoption of Shiba Inu (SHIB) tokens. An Ethereum whale recently bought a large amount of Shiba Inu (SHIB). Here are the details…
SHIB whale spent $1.75 million
According to WhaleStats, the Ethereum whale using the nickname “BlueWhale0159” has splashed out over $1.75 million to purchase SHIB tokens. BlueWhale0159 purchased 150 billion SHIB tokens for a total of $1,750,500. According to data provided by WhaleStats, the transaction took place yesterday morning. Despite the over $1.7 million to purchase the tokens, the user paid a small $1 fee for the transaction. Whale Stats used the following expressions in his tweet on the subject:
ETH whale “BlueWhale0159” just bought 150,000,000,000 SHIB ($1,750,500). Ranked #315 on WhaleStats.
WhaleStats is a cryptocurrency data provider that tracks the activity of top whales on Ethereum and Binance Smart Chain. BlueWhale0159 is currently among the top Ethereum whales in the WhaleStats ranking. The address is ranked by WhaleStats as the 315th largest Ethereum whale.
Shiba Inu is growing in popularity
Looking at BlueWhale0159’s portfolio, it is clear that the address is among the top 500 Ethereum whales. The whale was worth $36.3 million at the time of writing. The whale’s largest token position by dollar value is the popular stablecoin USD Coin (USDC), which represents 88.28 percent of the user portfolio. The second largest token position by dollar value of BlueWhale0159 is SHIB, which currently represents 4.8 percent of the entire portfolio.
Similarly, Tether’s USDT and Decentraland (MANA) are the third and fourth largest tokens by dollar value, respectively. Development activities have contributed to the increased adoption of Shiba Inu tokens among Ethereum whales. Shiba Inu recently became the third largest token position by dollar value among the top 5,000 Ethereum whales.
According to WhaleStats data, the top 5,000 ETH whales hold Shiba Inu tokens worth a total of $664,473,512 ($664.4 million). Other crypto assets in the ranking include FTX Token (FTT), Polygon (MATIC), Chainlink (LINK). These investors see SHIB as a good investment vehicle after its past success. It increases the number of mind-blowing startups that will be launched soon. At the time of writing this line, SHIB is trading down 2.3 percent in the last 24 hours. The current value of SHIB is around $0.00001194. The cryptocurrency has experienced a 26.8% increase in the last 7 days.
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