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HomeCrypto NewsMarketEthereum Whale Purchases 150 Billion Shiba Inu, Top Whales Now Hold $664...

Ethereum Whale Purchases 150 Billion Shiba Inu, Top Whales Now Hold $664 Million Worth Of Shib

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Ethereum whales continue the widespread adoption of Shiba Inu tokens.

An Ethereum whale has recently purchased a massive amount of Shiba Inu (SHIB)

According to WhaleStats, the Ethereum whale, who goes by the pseudonym “BlueWhale0159”, splashed over $1.75 million to purchase the SHIB tokens. 

BlueWhale0159 bought 150 billion SHIB tokens for the sum of $1,750,500. Per data provided by WhaleStats, the transaction took place yesterday at exactly 05:31:50 UTC. 

Despite splashing over $1.7 million to purchase the tokens, the user paid a paltry fee of $1 for the transaction.

“ETH whale “BlueWhale0159” just bought 150,000,000,000 shib ($1,750,500 USD). Ranked 315 on WhaleStats,” WhaleStats tweeted. 

WhaleStats is a cryptocurrency data provider that tracks the activities of the top whales on Ethereum and Binance Smart Chain. 

BlueWhale0159 Crypto Holding

BlueWhale0159 is currently among the top Ethereum whales on the WhaleStats ranking. The address is ranked as the 315th largest Ethereum whale by WhaleStats. 

Looking at the portfolio of BlueWhale0159, it is obvious that the address is among the top 500 Ethereum whales. The whale was worth $36.3 million at the time of writing. The whale’s biggest token position by dollar value is the popular stablecoin USD Coin (USDC), representing 88.28% of the user’s portfolio. 

BlueWhale0159’s second-largest token position by dollar value is SHIB, which currently represents 4.8% of the entire portfolio. 

Similarly, Tether’s USDT and Decentraland (MANA) are his third and fourth largest tokens by dollar value, respectively. 

Growing Adoption of SHIB

The development contributed to the growing adoption of Shiba Inu tokens among Ethereum whales. Shiba Inu recently became the third-biggest token position by dollar value among the top 5,000 Ethereum whales. 

Per WhaleStats data, the top 5,000 ETH whales are holding a combined $664,473,512 ($664.4 million) worth of Shiba Inu tokens. 

Other crypto assets in the ranking include FTX Token (FTT), Polygon (MATIC), Chainlink ($LINK), etc. 

These investors consider SHIB a good investment vehicle following its success in the past and the number of mind-blowing initiatives that will soon be launched. 

At the time of writing this line, SHIB is changing hands at $0.00001187, down 1% in the last 24 hours. 

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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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