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HomeCrypto NewsMarketWhales Not Holding Back As Top Wallet Adds 205B Shiba Inu

Whales Not Holding Back As Top Wallet Adds 205B Shiba Inu

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Whales are not holding back, as they keep adding Shiba Inu.

The 32nd Biggest Shiba Inu holder spent $2.50 Million to buy a considerable amount of the world’s second-largest canine-themed cryptocurrency Shiba Inu. recently reported that the 32nd largest Shiba Inu Whale had increased her Shiba Inu holdings by adding a whopping 205,815,302,436 (205.81B) SHIB, worth $2,506,829 ($2.50M) to her wallet via two momentous transactions in the past 24 hours.

The Whale executed her first transaction about 9 hours ago and added 3,377,077,506 (3.37B) SHIB, worth $41,132, to her wallet. To further increase her SHIB holdings, the deep-pocketed investor went for a second transaction and accumulated a staggering 202,438,224,930 (202.43B) SHIB, worth $2,465,697 ($2.46M).

Top SHIB Whale Accumulation within 24 Hours
Top SHIB Whale Accumulation within 24 Hours

Following the massive accumulation, the major Shiba Inu Whales’ holdings increased to 2,831,752,649,076 (2.83T) SHIB, worth $34,235,889 ($34.23M).

The Whales’ investment comes after Binance boosted Shiba Inu’s mainstream adoption by partnering with France-based crypto hardware wallet provider Ledger. Through this partnership, verified Binance users could purchase over 80 cryptocurrencies, including Shiba Inu, using fiat via their bank cards, including Visa and Mastercard.

Binance also added Shiba Inu to Binance Pay on Nov 1, making millions of merchants worldwide accept Shib as payment.

Despite these developments, Shiba Inu remains on the back foot and is trading at the price of $0.0000122, down -4.08% over the last day, with a 24-hour trading volume of $655,016,126 ($655.01M).

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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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