Wednesday, June 29, 2022
HomeCryptocurrencyTop ETH Whale Keeps Leveraging the Dip, Grabs 163 Billion SHIB in...

Top ETH Whale Keeps Leveraging the Dip, Grabs 163 Billion SHIB in A Single Transaction

A particular Ethereum whale has been around the market for the past few months purchasing SHIB tokens worth millions of dollars.

The whale identified as BlueWhale0073 is again back in the market to accumulate more SHIB tokens as usual. This time, the whale grabbed SHIB tokens worth about $1.5 million to leverage the dip.

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BlueWhale0073 Buys 163 Billion SHIB

According to the data shared by WhaleStats, BlueWhale0073 bought a total of 163,286,048,050 SHIB tokens worth $1,575,710 at the time of purchase. Based on the whales’ tracking platform, the whopping acquisition played out in a single transaction.

WhaleStats tweeted, “ETH whale “BlueWhale0073” just bought 163,286,048,050 SHIB ($1,575,710 USD). Ranked #880 on WhaleStats.”

Read Also: Switchere Exchange and Shiba Inu Army Likely Working on a Big Surprise: Details

Shiba Inu (SHIB) and Other Cryptocurrencies in the Market

The bear continues to overwhelm the market as cryptocurrencies struggle to hold their respective supports to prepare for a fresh uptrend.

Bitcoin (BTC), the largest cryptocurrency by market cap, has been changing hands around $20,000 support level for quite some days, causing the fear of a possible downtrend below the vital support.

As for Shiba Inu, the massive accumulation initiated by the ETH whale comes after SHIB retested the recently conquered resistance at around $0.000009 on the daily chart. However, the market is now showcasing a resurging strength as SHIB trades above the $0.000010 resistance level.

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At the time of filing this report, SHIB is trading at $0.00001022, with a relatively 1% price downtrend in the last 24 hours, according to CoinMarketCap.

It can also be recalled that SHIB was the best performer among the top 20 digital currencies about 24 hours ago.


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Solomon Odunayo
Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.
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