Top ETH Whale Buys Over 311.81 Billion Shiba Inu Amid Price Dip

Top ETH Whale labeled “BlueWhale0073” just dived in to add 311.81 Billion Shiba Inu (SHIB) tokens, worth over $4.8 Million.

Ethereum Whales (ETH) loves buying the most popular dog-themed cryptocurrency at discounted prices. As the global crypto market underwent a massive selloff on Monday, Shiba Inu’s (SHIB) price dipped more than 20% to $0.00001354.

Following this dip, ETH Whales became active and accumulated a massive chunk of Shiba Inu.

As per the recent report from WhaleStats, the Ethereum whale ranked 222^nd on the scale of this crypto data service has acquired a whopping total of 311,816,880,855 (311.81B) SHIB, worth $4,801,979 ($4.8M) in one significant transaction.

? ETH whale "BlueWhale0073" just bought 311,816,880,855 $shib ($4,801,979 USD).

Ranked #222 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/bcW0l9PYus#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 9, 2022

However, Etherscan.io data reveals that following the massive accumulation; she has transferred 304,447,537,333 (304.44B) SHIB, worth $4,410,334 ($4.41M) to one of the mysterious wallet addresses exclusively discovered by TheCryptoBasic through one significant transaction, leaving her total SHIB balance with 7,660,744,611 (7.66B) SHIB, worth $120,350.

This is not the first time BlueWhale0073 has sent this much SHIB to the mysterious wallet. Last time, the whale was seen active on Friday (6th May). On that day, she gobbled up 83,438,237,727 (83.43B) SHIB, worth $1,675,373 ($1.67M) through three separate transactions, transferring 84,890,168,431 (84.89B) of SHIB, worth $1,704,528 ($1.70M) to the same mysterious wallet address.

This mysterious activity from the Top ETH Whale has continued since Robinhood made SHIB available to trade on its platform to its 22 million registered users. Since April 12, she has transferred a whopping total of 3.04 trillion SHIB, worth $59.10 million, to this mysterious wallet.