Top Ethereum Whale Grabs 86 Billion Shiba Inu Tokens as SHIB Gathers Momentum for Recovery

Ethereum bag holders have not seized from accumulating the second-largest dog-themed token in the market, Shiba Inu (SHIB), as the digital token gathers momentum for recovery.

According to WhaleStats, the tracker of 5000 biggest Ethereum whales, an ETH whale codenamed BlueWhale0073 initiated a whopping purchase of 86.74 Billion SHIB tokens worth $1.01 million.

Based on the update, BlueWhale0073 is currently the 291st biggest Ethereum whale and the whopping purchase was performed once.

WhaleStats tweeted, “ETH whale “BlueWhale0073” just bought 86,740,251,500 SHIB ($1,015,728 USD). Ranked #291 on WhaleStats.”

It has become the custom of BlueWhale0073 to move enormous Shiba Inu tokens purchased to a mysterious wallet. The habit was repeated recently.

According to the data found on Etherscan, within 9 minutes of the purchase, BlueWhale0073 sent a total of 88,363,976,794 SHIB tokens worth $1,036,563 to one of the mysterious SHIB whale wallets. This huge transaction brought BlueWhale0073’s balance to 1,033,438,545 SHIB worth $11,946.

Source: Etherscan

This mysterious activity of the Ethereum whale has been playing out since Shiba Inu (SHIB) was listed on the leading investing app Robinhood. Since the listing was made official, the Shiba Inu whale wallet has received a total of 4.68 trillion SHIB, worth $54.14 million at current prices.

Shiba Inu (SHIB) in the Market

Following the market capitulation that became critical on the 12th of May 2022 and initiated a massive selloff in the market, the price of SHIB is finally in a consolidation phase.

At the time of filing this report, Shiba Inu (SHIB) is trading at $0.00001167, with a relatively 1% price increase in the last 24 hours, according to CoinMarketCap.

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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.