As the market struggles to maintain stability above crucial levels, the biggest Ethereum whales continue to show their interest in the hottest meme token in the market, Shiba Inu (SHIB).
According to the data provided by WhaleStats, the tracker of the biggest 5000 Ethereum whales, an ETH whale just initiated the purchase of 287 billion SHIB tokens, which is likely fueling the price recovery of the Shiba Inu token.
The data of the transaction shows that the whale’s wallet dubbed “Light” initiated the mammoth purchase, which was worth around $6.4 million at the time of purchase and paid $6 in ETH as a transaction fee.
WhaleStats tweeted, “ETH whale “Light” just bought 287,355,928,094 SHIB ($6,577,577 USD).”
🐳🐳 ETH whale "Light" just bought 287,355,928,094 $shib ($6,577,577 USD).
Ranked #1 on WhaleStats: https://t.co/g2Ri3NWSgL
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 12, 2022
Shiba Inu (SHIB) Dominates Once Again
As more whales started buying SHIB tokens at a large discount, the total USD value of SHIB holdings jumped to $1.19 billion, which put it in first place among all other assets. Second place among all other assets is being held by FTX Token, with 12.9% dominance.
Shiba Inu (SHIB) dominance in USD value among all other assets stays at 14.6%, which is one of the highest values for the meme token since February 2022.