Top ETH Whale Buys 56.94 Billion Shiba Inu In 24 Hours, 214B In A Week.
Over 214.25 Billion Shiba Inu (SHIB) has been accumulated by the 72nd biggest ETH whale in the last seven days, whereas 56.94 Billion were gobbled up in the previous 24 hours while taking advantage of the widespread sell-off in the global crypto market.
Despite the recent widespread sell-off, the top ETH whales are busy accumulating the most popular dog-themed cryptocurrency, Shiba Inu (SHIB).
The blockchain data tracking website, WhaleStats reveals that the top ETH whale “Bombur” has just purchased 56,946,679,217 (56.94B) SHIB, worth $1,070,028 ($1.07M) in one significant transaction.
🐋 ETH whale "Bombur" just bought 56,946,679,217 $shib ($1,070,028 USD).
Ranked #72 on WhaleStats: https://t.co/3ADbDHwuFu
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 8, 2022
This is her fourth significant transaction in a week.
As per data provided by Etherscan.io:
The ETH whale has accumulated 50,801,950,473 (50.80B) SHIB, worth $1,052,035 ($1.05M) through one significant transaction on Monday. Following this, she took a gap of over 24 hours and then performed another transaction on Wednesday to purchase 52,722,964,285 (52.72B) more SHIB, worth $1,147,406 ($1.14M).
On Friday, the whale again became active and added 53,788,394,748 (53.78B) more SHIB, worth $1,080,028 ($1.08M) to her portfolio, while performing her third significant transaction of the week.
In doing so, Bombur has gobbled up a whopping total of 214,259,988,723 (214.25B) SHIB tokens, worth $4,349,497 ($4.34M) through four separate transactions in the past week.
Interestingly, this ETH whale has not sold even a single Shiba Inu token since April 13, 2022, as per data provided by etherscan.io.
The 72nd biggest ETH whale now holds a total of 1,119,764,966,711 (1.11T) SHIB, worth $19,551,096 ($19.55M) in her wallet.
Shiba Inu (SHIB) seems to be underperforming for the last seven days, along with other top cryptocurrencies. As per CoinMarketCap (CMC) data, the dog-themed cryptocurrency has lost -18.87% of its value in the past seven days.
At the time of writing, the Shiba Inu token is seen trading at $0.00001723, down more than 8% for the day, with a 24-hour trading volume of $579,284,606 ($579.284M) USD.