Ethereum Whale Buys 150 Billion Shiba Inu (SHIB) Worth $1.75M

Two Prominent ETH Whales Bought 533.93 Billion Shiba Inu (SHIB)
  • The buyer paid only $1 for the entire transaction worth millions.
  • SHIB presently holds 4.8 percent of BlueWhale0159’s total token holdings.

Shiba Inu was just acquired in bulk by an Ethereum “whale”. The Ethereum whale, whose alias is “BlueWhale0159,” spent nearly $1.75 million on SHIB tokens, according to WhaleStats.

BlueWhale0159 paid $1,750,500 for 150 billion SHIB tokens. The transaction occurred yesterday at precisely 05:31:50 UTC, according to statistics from WhaleStats. The buyer paid only $1 for the transaction, despite spending $1.7 million for the tokens.

Cryptocurrency data company WhaleStats follows the Ethereum and Binance Smart Chain activity of the biggest whales. When it comes to Ethereum, BlueWhale0159 is now one of the most prominent whales. According to WhaleStats, this address is the 315th biggest Ethereum whale in the world.

The portfolio of BlueWhale0159 makes it clear that the address is one of the top 500 Ethereum whales. USD Coin (USDC) is the whale’s largest token investment by dollar value, accounting for 88.28% of the user’s portfolio. SHIB presently holds 4.8 percent of BlueWhale0159’s total token holdings by dollar value. Decentraland (MANA) and Tether USDT are its third and fourth most valuable coins, respectively.

Shiba Inu coins became more popular among Ethereum whales as a result of the rising adoption of the token on a global scale.  Recently, among the top 5,000 Ethereum whales, Shiba Inu rose to third place in dollars worth.

Shiba Inu tokens are valued at $664,473,512 ($664.4 million) to the top 5,000 ETH whales, according to statistics from WhaleStats. FTX Token (FTT), Polygon (MATIC), Chainlink ($LINK), etc. are also included in the top ten. Whale prefers SHIB as it is a suitable investment option because of the historical performance of the organization and the large number of innovative projects that are about to be implemented.

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A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.