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HomeCrypto NewsMarketTop Ethereum Whale Buys 86.74 Billion Shiba Inu As SHIB Consolidation Continues

Top Ethereum Whale Buys 86.74 Billion Shiba Inu As SHIB Consolidation Continues

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Top Ethereum Whale Accumulates 86.74 Billion Shiba Inu (SHIB), worth $1.01 Million in Past 24 Hours.



Ethereum’s key stakeholder adds 86.74 Billion Shiba Inu (SHIB), worth $1.01 Million to her wallet as the dog-themed cryptocurrency recovers slightly from its current support level located at $0.00001125 on the 4 hours chart.

As per WhaleStats’ recent report, the 291st biggest ETH Whale named “BlueWhale0073” has just gobbled up a whopping total of 86,740,251,500 (86.74B) SHIB, worth $1,015,728 ($1.015M) in one significant transaction.

Etherscan.io reveals some interesting information, Within 9 minutes of the purchase, the Whale made one “OUT” transaction and transferred a total of 88,363,976,794 (88.36B), worth $1,036,563 ($1.03M) to one of the mysterious SHIB whales,  leaving her total SHIB balance with 1,033,438,545 (1.03B) SHIB, worth $11,946, Etherscan.io reports.

This is not the first time BlueWhale0073 has sent this much SHIB to the mysterious wallet. On Friday (20th May), the whale accumulated 50,928,118,781 (50.92B) SHIB, worth $592,699 through one significant transaction, and then transferred 51,995,656,824 (51.99B) of SHIB, worth $605,123 to the aforementioned mysterious wallet address.

This mysterious activity from the Top ETH Whale has continued since Robinhood listed SHIB. Since then, she has transferred a whopping total of 4.68 trillion SHIB, worth $54.14 million (as of current price), to the mysterious wallet.

Shiba Inu Recovers From Current Support Level:

Following the widespread selloff in the global crypto market that began on May 9th, Shiba Inu’s price finally undergoes a really tight consolidation phase on May 14th. Since then, the price is seen trading in a range of $0.00001125 and $0.00001306.

In the last 24 hours, the popular canine-themed token has retested its current support level at $0.00001125 (4-hour chart) for the third time and experienced a slight recovery.

At the time of writing, Shiba Inu is trading at the price of $0.00001163, down -1.62% over the last day, with a 24-hour trading volume of $322,708,394.28 ($322.70M).

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

Disclaimer: The content is for informational purposes only, 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.

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