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Top Ethereum Whale Grabs 311 Billion SHIB in Single Transaction to Leverage the Current Dip

Although the crypto market has been experiencing massive sell-offs as prices of cryptocurrencies continue to crash, which notably affected the price of Shiba Inu (SHIB), the top Ethereum whales are still relentlessly accumulating the hottest and most popular dog-themed digital asset.

Amid the sell-off event, the price of Shiba Inu (SHIB) experienced an over 20% dip to trade at $0.0000135. This even made Ethereum’s biggest holders become more active in their SHIB accumulation spree.

Read Also: Could This Be Robinhood? Newly Discovered Anonymous Whale Scoops 177 Billion SHIB, Now Holds 5.57 Trillion SHIB

BlueWhale0073 Buys 311 Billion SHIB

According to the report shared by WhaleStats, the tracker of 5000 biggest Ethereum bag holders, an ETH whale identified as BlueWhale0073 bought a whopping 311,816,880,855 SHIB worth $4,801,979 at the time of purchase. The report says the huge acquisition was carried out in a single transaction.

WhaleStats tweeted, “ETH whale “BlueWhale0073” just bought 311,816,880,855 SHIB ($4,801,979 USD). Ranked #222 on WhaleStats.”

Read Also: Why Shiba Inu Investors Desire SHIB Listing On Robinhood and Why the App Would Crash On Listing Day One

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Based on the data on Etherscan.io, 304,447,537,333 SHIB of the mammoth accumulation was subsequently transferred to one of the mysterious wallets that were discovered around the time Robinhood listed Shiba Inu (SHIB). The number of SHIB tokens in the whale’s wallet now stands at 7,660,744,611 SHIB worth around $120,000.

Top Ethereum Whale Grabs 311 Billion SHIB in Single Transaction to Leverage the Current Dip
Source: WhaleStats

It’s worth noting that BlueWhale0073 has been spotted on several occasions sending SHIB tokens in billions to the mysterious whale wallet.


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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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