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Anon Shiba Inu Whale Scoops 42 Billion SHIB As the Token Reaches Local Bottom

An anonymous Shiba Inu whale has initiated a whopping purchase of 42 billion SHIB worth around $1 million as the second-largest meme token attained local bottom, according to WhaleStats and TradingView.

According to the data provided by WhaleStats, the tracker of 1000 largest Ethereum whales, the whopping purchase was made by the anonymous whale on March 5 at 5:00 a.m. UTC.

Read Also: Why Shiba Inu Investors Desire SHIB Listing On Robinhood and Why the App Would Crash On Listing Day One

The data reveals that the destination address now holds $108.8 million worth of different kinds of cryptocurrencies, such as Shiba Inu (SHIB), Tether (USDT), Sandbox (SAND), and Decentraland (MANA).

Anon Shiba Inu Whale Scoops 42 Billion SHIB As the Token Reaches Local Bottom
Source: Etherscan

Tether (USDT) is the second-largest holding in the anonymous whale’s wallet and the wallet is not on WhaleStats’ list of the largest Ethereum addresses. So, it’s impossible to determine the performance of the wallet and the actual position of Shiba Inu (SHIB).

Shiba Inu (SHIB) in the Market

According to TradingView, Shiba Inu (SHIB) has entered the zone of the local bottom of $0.000023 and also attained the 200-day moving average line, which has been acting as a support zone for the cryptocurrency.

SHIB had previously bounced from it to $0.000028, unfortunately, the large purchase made by the anonymous whale could not help the price of the digital token in the market.

Read Also: 100 Biggest ETH Whales Are Grabbing Shiba Inu Dip; Top 1000 ETH Whales Now Hold 59.2 Trillion SHIB Tokens

At the time of filing this report, SHIB is trading at $0.00002391, with a relatively 3% price downtrend in the last 24 hours.


Also, the sentiment on the market ‌remains neutral, with some positions gaining up to 9% to their value, while others trade at a 1-2% premium.

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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