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A New Shiba Inu Whale Just Surfaced, Bought 3.4 Trillion SHIB worth $115 Million

According to WhaleStats, the tracker of top 1000 Ethereum whales, a new Shiba Inu whale has just surfaced. The anonymous whale just bought a whopping 3.4 trillion SHIB worth about $115.9 million at current prices.

The on-chain data provided by WhaleStats reveals that two different transactions initiated a couple of hours, gave birth to the new whale in the Shiba Inu community.

Read Also: Shiba Inu (SHIB) Surges 25%, Displaces Polygon (MATIC) and Outperforming All Top 20 Cryptocurrencies

Going by the report, the new whale wallet now holds 3,457,477,154,937 SHIB tokens, which were worth $115,998,358 at the time the huge transactions were effected.

WhaleStats tweeted, “New SHIB whale was born!!! Holds 3,457,477,154,937 $SHIB ($115,998,358).”

Read Also: These Shiba Inu Whales Just Bought 63 Billion SHIB Tokens as Whale Holding 36.7 Trillion SHIB Expands Portfolio

Shiba Inu (SHIB) Dominance on the Ethereum Network

The dominance of Shiba Inu (SHIB) whales on the Ethereum network has once again increased as the digital token printed a meteoric price surge.

According to WhaleAlerts, the tracker of top 1000 Ethereum bag holders, whales currently hold $1.5 billion worth of Shiba Inu in their wallets.

Shiba Inu Whales Dominance on the Ethereum Network Now At 15% As SHIB Price Surges 46%
Courtesy of WhaleStats

Read Also: Shiba Inu (SHIB) Trading Goes Live On Turkey-Based Crypto Exchange Bitexen

As TimesTabloid earlier reported, Ethereum whales have not shown any sign of stopping their SHIB buy habit. They seize all possible opportunities to add more SHIB tokens to their balances. The buying spree has resulted in a 26% concentration of the token’s total supply in the hands of whales.

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It’s also worth noting that Shiba Inu (SHIB) has flipped FTT to become the biggest holding among Ethereum whales.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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