These Shiba Inu Whales Just Bought 63 Billion SHIB Tokens as Whale Holding 36.7 Trillion SHIB Expands Portfolio

Shiba Inu Burn Rate Sees 31,000% Rise As 2.25 SHIB Destroyed in a Day

According to the data provided by Etherscan, over the past couple of hours, a number of crypto whales have been massively accumulating the second-largest meme token, Shiba Inu (SHIB).

As spotted by Etherscan and first reported by U.Today, four transactions carried a total of 63 billion SHIB tokens to another four wallets.

It is possible that some of these transactions were acquisitions. Four lumps of SHIB were bought; the first two were 6,114,330,557 SHIB and 1,087,650,366 SHIB. The other two stashes purchased and tracked by Etherscan both carried 28.041 billion meme tokens.

One of the wallets that received 28,041,132,100 SHIB—0x0000006daea1723962647b7e189d311d757fb793—contains 63,947,289,783 SHIB at the time of writing. According to Etherscan, the wallet owner is Wintermute, a crypto market maker that provides liquidity to its partner crypto exchanges.

The other wallet of these two—0xcf98c7143d1fb818a4567e29f07e844e7d9ddfc2—received 28,127,901.3684 SHIB from a KuCoin wallet, and it is likely that this crypto was bought. This is the only amount of SHIB on the balance of this crypto address.

Whale Holding 36.7 Trillion SHIB Expands Portfolio

Data shared by WhaleStats shows that a few hours ago, a major Ethereum whale identified as “Light,” who also holds over 36 trillion SHIB, acquired a large amount of another cryptocurrency.

The owner of the “Light” wallet, which is ranked third out of the 1,000 largest ETH wallets, has bought 4,530,000 Loopring (LRC)—the 78th cryptocurrency, according to CoinMarketCap.

That amount of LRC is equal to $3,949,226. The coin’s market cap amounts to $1,161,918,063, with the daily trading volume hovering at $217,566,276 at the moment after a 19.90% decline.

Loopring is a protocol based on Ethereum and designed to build decentralized crypto exchanges. The token was given to investors during an ICO in 2017; however, the Loopring protocol was created on Ethereum two years later.

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over seven 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.