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.
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.”
🐳 ETH whale "BlueWhale0073" just bought 311,816,880,855 $shib ($4,801,979 USD).
Ranked #222 on WhaleStats: https://t.co/RBupemZyZX
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 9, 2022
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.
It’s worth noting that BlueWhale0073 has been spotted on several occasions sending SHIB tokens in billions to the mysterious whale wallet.