Whales Accumulate Trillions of SHIB as Shiba Inu Dominates Ethereum Whale Portfolios
In a surprising turn of events, a newly activated whales has made a substantial entry into the world of Shiba Inu (SHIB) token holdings. Etherscan.io data reveals that this whale has acquired an astonishing 4.15 trillion SHIB, worth $32.17 million, in a series of three transactions.
This influx of SHIB catapults the whale to the 27th position among the largest SHIB holders.
SHIB Whales Acquires Massively
The buying spree commenced approximately 14 hours ago, with the initial transaction involving the purchase of 4.11 trillion SHIB tokens valued at $31.88 million. A few hours later, the whale made a smaller purchase of 1.50 million SHIB tokens worth just $11. Finally, in the third and final transaction, an additional 37.96 billion SHIB tokens were added to the portfolio, amounting to $294,236.
Read Also: Bone ShibaSwap (BONE) Adoption Soars in the Netherlands, Among Top Cryptos in the Country
The whale’s accumulation of SHIB tokens highlights the growing prominence of Shiba Inu within the Ethereum (ETH) whale community. As per Whalestats, the top 100 ETH whales collectively hold a staggering 49.62 trillion SHIB tokens, equivalent to $601.20 million in value. This represents nearly 11% of their total holdings, underscoring the significant presence of SHIB in their portfolios.
Shiba Inu, currently trading at $0.000007753, experienced a minor decline of 2.39% over the past day. Nevertheless, the token’s trading volume has surged by 8.26% in the same timeframe, reaching $106.64 million.
Read Also: Terra Classic Tokens LUNC and USTC Record Significant Surges, Fueling Market Enthusiasm
With the emergence of Shiba Inu as the top choice among Ethereum whales, the token’s popularity and influence continue to rise. These recent transactions by the newly activated whale have not only garnered attention but also consolidated Shiba Inu’s position within the cryptocurrency market.
It remains to be seen how these developments will impact the future trajectory of Shiba Inu and its growing community of supporters. As the crypto market continues to evolve, SHIB holders and observers will closely monitor the actions of prominent whales and their impact on the overall ecosystem.
Follow us on Twitter, Facebook, Telegram, and Google News.
Meet Raliat: A rising star in the crypto world, blending expertise with a passion for analysis. With a knack for simplifying complex concepts, she empowers audiences to understand and navigate the blockchain landscape. Raliat’s insightful content and analytical prowess make her a trusted guide in the ever-evolving world of cryptocurrency.
