Whale Investors’ Hunger for Shiba Inu Continues as Another 47.7 Billion SHIBs Bought.
With the price of all cryptocurrencies crashing below expectations, major whale traders are seizing the opportunity presented by the most recent crash to increase their holding.
A development supporting this theory is an Ethereum whale who recently bought many Shiba Inu (SHIB) tokens.
According to Whale Stats, an Ethereum whale was reported to have bought 47,743,646,900 (47.7 Billion) SHIBs worth around $1,275,710 ($1.27M) in the early hours of today.
Apparently, the Ethereum whale paid an aggregate price of $0.000026719 for a unit of SHIB.
🐋 An ETH whale just bought 47,743,646,900 $shib ($1,275,710 USD).
Ranked #15 on WhaleStats: https://t.co/3ADbDHvWPW
Transaction: https://t.co/kzIJS1XORU#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 21, 2022
Looking deep into the whale stats, we can see that the whale ranked no 15 is currently holding 4 trillion Shiba Inu coins worth $116 million, Shib is her third-biggest holding. The top priority of the whale is the ADIDAS coin. ADIDAS is the number 1 holding of the whale. She holds 888 Billion ADIDAS token 506 million.
Shiba Inu Acquisition Spree Continues
The recent purchase marks a continuation of the whale accumulation spree for the Shiba Inu coin.
Recall that the Shiba Inu team has been developing new initiatives that would see the cryptocurrency transition from a mere meme coin into a utility project.
As the day goes by, Shiba Inu is becoming more decentralized which comes on the heels of ShibaSwap as well as Shiboshi.
With all these plans in motion, high net worth investors are looking for better opportunities to increase their SHIB holding in order to benefit from the imminent surge that is poised to come when the crypto market stabilizes.
Whale Investors Accumulate SHIB
Since the beginning of the year, crypto whales have been spending millions of dollars to purchase SHIBs, in a bid to increase their holding for the cryptocurrency.
Last month amid market dips, an Ethereum whale bought a massive 110 billion SHIBs worth around $3.6 million, a move that subsequently opened the doors for more whale investors to buy Shiba Inu.
In a similar development, another whale bought 139 billion SHIBs for $4.2 million last week.
Interestingly, the most significant whale accumulation for the year is seen in the birth of a new whale investor.
As reported, the new whale investor accumulated a massive 3.4 trillion Shiba Inu cryptocurrency for $115 million.