130.5 billion SHIB To Grab By the 1 Trillion Whales.

WhaleStats has reported that owners of two main Ethereum wallets have amassed a comprise 130.5 billion  Shiba meme tokens.

One of these whales already holds over 1 trillion SHIB.

Read Also: Cardano (ADA) to Host Anti-Counterfeit Platform with Micro Chips

https://twitter.com/WhaleStats/status/1521959469965615105

130.5 billion SHIB added to large whales’ wallets

Ethereum investor “BlueWhale0073” acquired 77,863,856,441 SHIB for $1,679,523 earlier today. Before that, another whale—”Bombur”—laid his hands on a slightly smaller, but still substantial amount of Shiba.

This investor, whose wallet’s name originates from Tolkien’s fantasy novel, “The Hobbit: There and Back Again,” grabbed 52,722,964,285 SHIB tokens.

“Bombur,” at the moment, already holds a total of 1,018,537,622,377 SHIB worth $21,847,632. That is 5.8% of his portfolio.

“BlueWhale0073” wallet contains USDT as its largest holding (62.77%). Among the largest investment positions hereafter USDT comes USDC, LINK, MATIC, and UNI. MATIC and USDC constitute 15.36% and 15.35%, respectively.

On May 4, the owner of this wallet also acquired 70,606,169,414 SHIB.

Gucci now sells stuff for SHIB and another crypto

As reported by U.Today earlier, global fashion brand Gucci has started accepting cryptocurrencies—including meme coins—for its goods at selected outlets in North America.

To pay for fashion goods, customers will have to scan a QR code. According to company CEO Marco Bizzarri, Gucci is always open to embracing new technologies. It was not the first time that Gucci had dipped its toes into the blockchain tech. Last May, it ventured to issue an NFT, which was later sold for $25,000.

Read Also: Gucci To Accept Shiba Inu, Dogecoin, Bitcoin, And Some Other Cryptocurrencies.

Last summer, news came out that German-based fashion house Philipp Plein also began to accept cryptocurrencies after striking a partnership deal with crypto payments processor Comfy.

The fashion industry around the world seems to be eager to start introducing payments.

In winter this year, Italian John Richmond also began collaborating with Shiba Inu.

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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.
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