Ethereum Whale, Bombur, Just Grabbed 175 Billion SHIB As Whales’ Interest in Shiba Inu Keeps Growing

Despite the major price pullback in the market due to the controversial crypto rules recently approved by the European Parliament, Ethereum whales have not shown any sign of halting the Shiba Inu (SHIB) accumulation spree.

According to the latest report shared by WhaleStats, the tracker of the 5,000 biggest Ethereum whales, the SHIB token continues to be a top choice for Ethereum’s largest holders.

Ethereum Whale Bombur Accumulates 175 Billion SHIB

As recently reported by WhaleStats, Bombur, the 20th biggest Ethereum whale, bought a total of 175,303,981, 528 worth $4,553,868 at the time of purchase.

According to the report, the whopping purchase took the whale three different transactions. The most recent purchase initiated by the whale played out about 7 hours ago and carried 57,871,907,885 SHIB tokens worth $1,452,584, as reported by WhaleStats.

WhaleStats tweeted, “In detail, last 24hrs, a whale name “Bombur” bought 175B SHIB worth $4,553,868 in 3 transactions.”

A closer look into the activity of Bombur over the last 24 hours shows that the last purchase of 57,871,907,885 SHIB was to take advantage of the sharp price dip, which played out a few hours ago.

The first two transactions occurred when the price of the digital token was hovering around $0.00002627 but later dipped by a relatively 9%. This probably led to the last whopping purchase.

At the time of filing this report, SHIB is trading at $0.00002542, according to CoinMarketCap.

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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.