Ethereum Whale Purchases 271B SHIB Worth $6.5M; Whales Accumulate 523B SHIB within A Week

Ethereum whales continue to show interest in Shiba Inu (SHIB), the hottest meme token in the market, via incessant accumulation of the cryptocurrency. Over the last seven days, as recorded by WhaleStats, three Ethereum whales managed to move 523 billion SHIB tokens worth $12.67 million.

Ethereum Whale Buys 271 Billion Shiba Inu Tokens

About two days ago, WhaleStats reported that the 207th biggest Ethereum whale purchased a whopping 271,370,420,630 SHIB tokens worth $6,542,740 at the time of purchase.

Read Also: Over 263 Billion SHIB Burned Since October, $0.01 Shiba Inu the Target Price, Burn Rate to Rise with New Feature

WhaleStats tweeted, “An ETH whale just bought 271,370,420,630 SHIB ($6,542,740 USD). Ranked #207 on WhaleStats.”

A closer look into the whale’s wallet shows that the anonymous whale’s portfolio mainly comprises stablecoins, including USD Coin (USDC) and Tether (USDT), indicating that the whale’s accumulation spree may continue.

Aggressive Shiba Inu (SHIB) Purchase by Ethereum Whales Continues

Ethereum whales continue to accumulate Shiba Inu (SHIB) aggressively as SHIB gains a massive boost in terms of use cases and various mechanisms continue to work together to Shiba Inu tokens on a daily basis.

Since 21st March, top Ethereum whale wallets have accumulated a total of 523,398,811,224 (523.0B) SHIB tokens, worth $12,672,934.

Read Also: Shiba Inu Loses Over 30,000 Holders in a Single Day, but ETH Whales Keep Accumulating SHIB: Details

On March 21st, the 4th biggest ETH whale, “Tsunade,” reportedly grabbed 51,440,208,121 SHIB tokens in a single transaction, worth $1,185,696 at the time of purchase.

Similarly, on March 24th, the 168th biggest whale of Ethereum recorded a purchase of 200,588,182,473 SHIB tokens, valued at $4,944,498 in a single transaction.

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