One of the largest Ethereum (ETH) whales just bought the dip. According to Whale Stats, an ETH wallet has bought more than 47 billion SHIB tokens worth $1,275,710 to become one of the largest SHIB holders. Surprisingly, this wallet already contains over $100 million worth of Shiba Inu tokens. This movement ensures that the whale has made good use of the dive.

ETH whales go for SHIB

Data shared by WhaleStats shows that this unknown ETH wallet now holds $113,247,616 worth of Shiba Inu coins. While the whale’s total holdings are over $700 million consisting of many different tokens. SHIB is in 3rd place and makes 9.5% of total wallet holdings.

In addition to Shiba Inu, one of the largest wallets shows Adidas metaverse token that tops the list with a value of more than $500 million. Meanwhile, Twitter Dao takes second place.

The SHIB has now become the highest token holding of the top 1000 ETH wallets valued at $2,291,902,599. However, it has also reached the sixth and seventh spot on the list of the top 10 tokens purchased in the last 24 hours and 30 days respectively.

The 1,000 largest Ethereum wallets are worth an average of $145.9 million and have an average of 40,519 ETH, 38 tokens and 1 NFT.

Shiba Inu to the moon

Since the beginning of the year, Crypto Whales have been going for the SHIB as their coin of choice. During the market dip last month, one ETH whale bought more than 110 billion Shiba Inu tokens, while another whale bought 139 billion SHIBs for $4.2 million last week.

Shiba Inu has been dropping a lot of announcements since early February. From proclaiming his “Shiberse” to holding events with the crypto analyst and enthusiasts, Shiba Inu has been committed to expanding its SHIB army.

The second largest meme coin was trading at an average price of $0.000026 at press time. The SHIB coin has seen a 1.30% gain in the past 24 hours. Dog themed meme coin has seen a 14.84% upward trend in 24-hour trading volume. According to coinmarketcap, Shiba Inu ranks 14th in terms of total market cap.


The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

About the author

Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analyses. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]

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