Top Ethereum Whales Now Hold Almost $1.5 Billion Worth Of SHIB
20 April 2022 - 3:00AM
NEWSBTC
Shiba Inu still remains a whale favorite going by the activities of
the top Ethereum whales in recent days. These whales seem to be
undeterred by the low prices of the meme coin and rather continue
to buy the digital asset in the millions. The latest purchase from
an Ethereum whale has the community at the edge of its seat as one
whale singlehandedly bought almost $5 million worth of the
cryptocurrency, showing that interest in it has far from waned.
Ethereum Whale Hoards SHIB A report from WhaleStats showed an
enormous Shiba Inu purchase by an Ethereum whale. This whale known
as “Bluewhale0073” made the purchase on Monday and has bought
193,098,244 SHIB in the transaction. It came out to a total dollar
value of $4,821,938 at the time of this purchase. 🐳 ETH whale
"BlueWhale0073" just bought 193,419,098,244 $shib ($4,821,938 USD).
Ranked #5 on WhaleStats: https://t.co/RBupemZyZX Transaction:
https://t.co/dcjl0mldog#SHIB #ShibArmy — WhaleStats – BabyWhale
($BBW) (@WhaleStats) April 18, 2022 Related Reading | TA:
Ethereum Reaches Key Inflection Zone, $3,100 Is The Key This
purchase had brought the total amount of SHIB held by the top 1,000
Ethereum whales to $1,602,881,412. This makes it the most widely
held token by the top Ethereum whales. Additionally, the Shiba Inu
contract had made it onto the list of the top 10 contracts that the
whales had interacted with for the past day. The token is now
ahead of FTX Token as the highest holding by dollar value. It is
also 5th on the top 10 most purchased tokens by the top 1,000 ETH
whales in the last 24 hours. On Monday, another Ethereum whale,
known as “Bombur” had also purchased 50,520,317,707 SHIB for
$1,241,789. This marks an accumulation trend among these top whales
when it comes to Shiba Inu. 🐋 ETH whale "Bombur" just bought
50,520,317,707 $shib ($1,241,789 USD). Ranked #20 on WhaleStats:
https://t.co/3ADbDHvWPW Transaction: https://t.co/ctZQVa0naq#SHIB
#ShibArmy — WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 18,
2022 Shiba Inu On The Charts Despite the reviewed interest in the
cryptocurrency, it is not faring as well as expected on the charts.
Shiba Inu continues to trend around the $0.00002 level, showing
reduced momentum at this point. This has put the digital asset
below its 50-day moving average. And for an asset like SHIB which
thrives on hype, falling below this point can signal more downtrend
to follow. SHIB trending at $0.000025 | Source: SHIBUSD on
TradingView.com A flash dip in the early hours of Monday had seen
its price dip to $0.000023 but presumably, the activity from the
Ethereum whales had helped boost the price back up. Nevertheless,
the meme coin continues to trade more than 60% below its previous
all-time high. Related Reading | Crypto Market Cap Falls By
$80 Billion In A Day As Bitcoin Dumps Below $40K At the time of
this writing, SHIB is trending at $0.000025 with a total market cap
of $13.7 billion. It is now the 15th largest cryptocurrency by
market cap, having fallen behind competitor, Dogecoin. Featured
image from Watcher Guru, chart from TradingView.com
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