Someone Just Grabbed 271 Billion SHIB worth $6 Million in a Single Transaction

Although the price of Shiba Inu (SHIB), the hottest meme token in the market at the moment, has not printed any notable uptrend for quite a long time, Ethereum whales continue to believe that it has a bright future with daily accumulations worth millions of dollars.

Ethereum Whale Grabs $6 Million Worth of SHIB Tokens

According to the data provided by WhaleStats, the tracker of 5000 biggest Ethereum whales, a whale just initiated a purchase of 271 billion SHIB tokens worth $6 million at current prices.

Per the data provided by WhaleStats, the whale involved in the transaction is the 208th biggest whale in the Ethereum ecosystem. The mammoth transaction was made at once.

WhaleStats tweeted, “An ETH whale just bought 271,370,420,624 SHIB ($6,086,838 USD). Transaction hash: 0x0416f4cfd03cf1a4b14f7d988ae60b75594fcc2597842793f2fc1672df9dd346.”

A closer look into the Ethereum whale’s wallet revealed that aside from SHIB, the whale also holds $218,469,791 worth of other assets in his wallet. It’s found that USD Coin (USDC) and Tether (USDT) dominate the whale’s crypto portfolio.

A similar transaction was also initiated a couple of hours ago, indicating an increase in Ethereum whales’ interest in Shiba Inu (SHIB). It shows that they are hungry for more as they accumulate the cryptocurrency on a daily basis.

Per the data shared by WhaleStats, the 15th largest ETH whale, which currently holds over 4 trillion SHIB tokens, purchased another 50,736,574,302 SHIB worth $1,106,564 in a single transaction.

WhaleStats tweeted, “An ETH whale just bought 50,736,574,302 SHIB ($1,106,564 USD). Transaction hash: 0x54096e082f49030c1429badd924f744c604656b8d888ff155c7194eb40212b38.”

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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.