19th Largest Holder Of Shiba Inu Make Another Headline Accumulating Over 150B SHIB

19th Largest Holder Of Shiba Inu Make Another Headline Accumulating Over 150B SHIB

On April 28th, 2023, the 19th largest holder of Shiba Inu (SHIB) made headlines after accumulating a massive amount of the cryptocurrency in just 24 hours. According to data from Etherscan.io, the whale purchased a total of 150,553,500,877 SHIB, worth approximately $1,550,700.

SHIB Whale (19th Largest Holder) Accumulates Over 150B SHIB In Less Than 24 Hours

Shiba Inu is a meme-based cryptocurrency that gained popularity earlier this year following the success of Dogecoin. The cryptocurrency has seen significant price fluctuations over the past few months, with its value rising and falling in response to market sentiment and news events.

Whale Accumulation of SHIB in the Past 24 Hours

The whale’s purchase of such a large amount of SHIB has generated excitement among the Shiba Inu community, with many speculating about the potential implications of such a massive accumulation. Some have suggested that the whale’s purchase could be a signal of confidence in the future of Shiba Inu, while others have speculated that it could be part of a larger investment strategy.

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Transactions Breakdown

The buying spree began with a transaction that claimed a staggering amount of 16,099,042,840 (16.09B) SHIB, worth $165,820, around 13 hours ago from press time. But the investor quickly doubled their market accumulating a whopping $1,112,817 ($1.11M) to purchase 108,040,560,167 (108.04B) in a second transaction just minutes later.

Undeterred, the Whale accumulated more SHIB, adding a further 26,413,897,870 (26.41B) SHIB, worth $272,063, to her portfolio in a third transaction executed around 9 hours ago from press time.

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The top SHIB Whale now holds a whopping 5,178,454,552,701 (5.17T) SHIB, worth $53,338,081 ($53.33M).

It’s worth noting that while the whale’s purchase is significant in terms of the amount of SHIB acquired, it represents a relatively small percentage of the total supply of the cryptocurrency. As of this writing, there are approximately 394 trillion SHIB in circulation, meaning that the whale’s purchase accounts for less than 0.04% of the total supply.

As of press time, Shiba Inu is trading at $0.00001029, up 0.44% over the last day with a 24-hour trading volume of $98,037,569 ($98.03M).

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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.