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)”
🐋 An ETH whale just bought 200,588,182,473 $shib ($4,944,498 USD).
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 24, 2022
Looking into Etherscan we found that the whale is holding 3,914,263,607,418 (3.9T) SHIB worth 96,917,166 ($96M).
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.