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HomeCrypto NewsMarketA New Whale In Town, Accumulates 3.4 Trillion Shiba Inu Tokens Worth $115M

A New Whale In Town, Accumulates 3.4 Trillion Shiba Inu Tokens Worth $115M


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Another Shiba Inu Whale Spotted Holding Over 3.4 Trillion SHIB.

The number of large Shiba Inu (SHIB) token holders keeps increasing by the day as the cryptocurrency rally continues. 

According to data published by Whale Stats total, a new Shiba Inu whale has just been discovered after a whopping amount of SHIB was recently transferred to the address. 

Per the stats, a total of 3,457,477,154,937 SHIBs were transferred to an Ethereum wallet yesterday in two separate transactions. 

The first transactions saw about 3,437,315,050,008.5903 SHIBs sent to the address yesterday, while an additional 20,162,104,929.32 were later transferred in the early hours of today. 

At the time of writing, the total USD value of the wallet is worth around $115,649,942, according to the current market data on Coingecko. 

In total, the new whale accumulated 3.4 Trillion Shiba Tokens Worth $115M. The development comes less than 24 hours after Whale Stats reported that the top 100 SHIB holders control 25% of the meme coin total supply. 

SHIB Surges Amid Whale Accumulation

Several Shiba Inu whales took advantage of last week’s market dip to increase their position in the digital currency, a move that also pumped the price of the cryptocurrency to soar over 55% in the last seven days. 

SHIB growth over the past week has seen the memecoin flip FTX token to become the biggest ERC-20 holding among the top 1,000 ETH wallets earlier today. 

Also Shiba Inu was among the top gainers on Monday and showed an incredible performance. The price of SHIB skyrockets 50% to $0.00003518 in the last 24 hours. Shib was able to Reclaim $19 Billion Market Cap, Flipping Binance USD, and Become the 13th Biggest Crypto In The World.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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