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HomeCrypto NewsMarketWhale Buys 200 Billion Shiba Inu For $4.9M Amid Price Surge, The...

Whale Buys 200 Billion Shiba Inu For $4.9M Amid Price Surge, The Top Wallet Now Holds 3.9 Trillion Shib

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Ethereum (ETH) Whale Buys Over 200 Billion Shiba Inu (SHIB) Amid Price Surge.

An Ethereum whale investor has made a massive purchase of popular dog-themed cryptocurrency Shiba Inu (SHIB), following a slight increase in the token’s price. 

According to cryptocurrency on-chain metric data provider WhaleStats, an Ethereum whale has purchased over 200 billion of SHIB. Per the Etherscan transaction details, the high net worth investor bought a total of 200,588,182,473 Shiba Inu tokens worth around $4.98 million at the time of writing.

“An ETH whale just bought 200,588,182,473 $SHIB ($4,944,498 USD)”

Looking into Etherscan we found that the whale is holding 3,914,263,607,418 (3.9T) SHIB worth 96,917,166 ($96M).

whale buying shib

Whale Investors’ Interest in SHIB Increase

The feat marks a growing interest in Shiba Inu cryptocurrencies among whale investors who were the major beneficiaries of the token’s spike when its value hit an all-time high of $0.00008616 on October 28, 2021. 

Ethereum whale investors have always accumulated the 15th-largest cryptocurrency at every slight opportunity that surfaces. 

Just this week, an Ethereum whale bought a total of 51.44 billion SHIB valued at $1.18 million at the time. 

SHIB Soars 4% in 24 Hours

Like other cryptocurrencies, Shiba Inu had a tough start at the beginning of the year. The token fell below $0.000020 in February as a result of Russia’s invasion of Ukraine. The price of SHIB has since recovered as the dog-themed token has continued to trade above $0.000020. 

At the time of writing, Shiba Inu is currently changing hands around $0.00002491, representing a 4.% surge in the last 24 hours. 

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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