20th-Largest Ethereum Address Just Scoops Over 50 Billion Shiba Inu For $1.24 Million Amid Price Dip

One of the Largest Ethereum Addresses ‘Bombur’ Just Bought Above 52B Shiba Inu.

Popular Ethereum whale Bombur has continued its accumulation spree of Shiba Inu (SHIB), as WhaleStats reports another groundbreaking purchase of the dog-themed cryptocurrency from the user. 

WhaleStats, a crypto data tracking service that monitors the activities in the top 5,000 Ethereum addresses, reports today that Bombur bought a total of 50,520,317,707 for $1.24 million. 

? ETH whale "Bombur" just bought 50,520,317,707 $shib ($1,241,789 USD).

Ranked #20 on WhaleStats: https://t.co/3ADbDHvWPW

Transaction: https://t.co/ctZQVa0naq#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 18, 2022

Bombur is currently in the number 20th spot in the WhaleStats ranking of the top Ethereum largest addresses. 

The transaction, which took place at around 10:19 UTC, saw the user pay a total of $7 in fees to purchase the Shiba Inu tokens. 

While the development is sensational as it suggests the growing adoption of Shiba Inu, it is worth noting that this is not the first time Bombur will be making a massive purchase of SHIB. 

Just this month, the popular Shiba Inu whale investor has scooped up over 500 billion SHIB tokens, suggesting the confidence the user has in the dog-themed cryptocurrency. 

Meanwhile, Bombur’s latest purchase came after the price of the cryptocurrency was dealt a massive blow in the early hours of today, as crypto traders prepare for the publication of the firms’ Q1 2022 earnings report this week. 

According to Coingecko, Shiba Inu reached a high of $0.00002601 before slumping to a low of $0.00002388. At the time of writing, the cryptocurrency is changing hands at around $0.00002443, down 6% for the day.