Sunday, May 22, 2022
Home Crypto News Market Ethereum Whale Address “BlueWhale0073” Purchases a Whopping 300.9 Billion Shiba Inu (SHIB)...

Ethereum Whale Address “BlueWhale0073” Purchases a Whopping 300.9 Billion Shiba Inu (SHIB) Amid Price Dip

- Advertisement -
Follow-Us-On-Google-News

The massive price dip of Shiba Inu (SHIB), has given whale traders the perfect opportunity to increase their holdings in the asset class. 

With SHIB trading around $0.00002080, whale investors have spotted the perfect entry opportunity and are not slowing down in the accumulation of the popular dog-themed cryptocurrency.

Fresh data posted today by WhaleStats, a cryptocurrency analytics data platform that tracks the activities of the top 5,000 Ethereum wallets, shows that BlueWhale0073 has increased her Shiba Inu holdings as the price of the cryptocurrency dips.

According to WhaleStats, BlueWhale0073 bought a whopping 300,997,019,465 (appr. 301 billion) Shiba Inu worth $6.1 million.

The transaction, which took place earlier today, saw the recently purchased coins moved from an unknown address to BlueWhale0073, with the owner of the wallet paying a meager fee of $9 in Ethereum (ETH).

BlueWhale0073 Shiba Inu Transactions

BlueWhale0073 is currently ranked 257 in the WhaleStats’ top Ethereum address rankings and the user has embarked on a series of purchases for the second-biggest memecoin since last month.

As reported, BlueWhale0073 bought over 500 billion Shiba Inu in April alone and the address owner only purchases the 15th-largest cryptocurrency whenever there is a price dip.

BlueWhale0073 is not known to be a long-term holder of Shiba Inu, as the address is only seen buying SHIB whenever the price is low and sells following a surge in the token’s value.

At the time of writing, BlueWhale0073 holds a total of 403,241,854.56 SHIB (appr. 403.2 billion) worth around $8.43 million.

Shiba Inu Down 3.4% In 24 Hours

Like other cryptocurrencies, Shiba Inu has also suffered a slight dip in the last 24 hours, as the token shredded 3.4% in the hours leading up to press time.

Shiba Inu, which rose to a 24-hour high of $0.00002159, is currently trading around $0.00002083, according to data on Coingecko.

- Advertisement -

Disclaimer

The content is for informational purposes only and 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.

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.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Can Pac-Man Frog (PAC) Outperform ApeCoin (APE) And Theta Network (THETA)?

Cryptocurrencies are all anyone has been able to talk about for the past couple of years. They are an innovative way of thinking about...

Secure DeFi Protocols: Calyx Token (CLX), Chainlink (LINK), and Aave (AAVE)

An ongoing prevalence of hacks, attacks, and exploits within the cryptocurrency space highlights the importance of verifying the security and integrity of a protocol...

Beware of Malicious Proposals, Terra (LUNA) Team Says No Dapps Launched on Terra 2.0 

Terra Team Warns Community to Beware of Malicious Proposals, Says No Decentralized Application Has Launched on Terra 2.0. ...

CZ On Terra (LUNA): “Most Stupid Design Flaw Is Thinking Minting More Of An Asset Will Increase Total Value”

  Binance CEO: Terra Had The Chance To Save Luna And UST When The De-peg Was At 5% But They Failed To Act.

Ethereum Co-Founder Vitalik Buterin Says He Is No Longer A Billionaire

The Ethereum exec was also affected by last week’s cryptocurrency dip that wreaked havoc on investors.  window.coinzilla_display...

Market Pundit: UST And Terra (Luna) Collapse Is NOT An Indication That Crypto Market Is Ending

  Crypto Market Is Not Ending Because Of Terra. window.coinzilla_display = window.coinzilla_display || ; var...

Another Top American Exchange Halting Terra USD (UST) Trading After Coinbase

Gemini follows Coinbase to halt UST trading. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.