XRP Whale Dumps Its Position to Grab Over 20 Trillion SHIB Worth $210.1 Million in a Single Transaction

Anon Whale Shifted 3.37 Trillion SHIB Tokens as Shiba Inu Typical Hold Time on Coinbase Grows

An XRP whale has reportedly dumped a portion of its XRP holdings to grab over 20 trillion SHIB tokens worth $210,105,912 million at the time of the transaction.

The whopping transaction implies that the XRP whale has now reduced its XRP holdings to 5% while increasing its Shiba Inu (SHIB) holdings to 20.89%.

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According to the record found on Etherscan, the whale initiated the transaction from Binance into its Shiba Inu wallet and it’s considered the single largest transaction in the history of Shiba Inu (SHIB).

XRP Whale Dumps Its Position to Grab Over 20 Trillion SHIB Worth $210.1 Million
Source: Etherscan

Whales’ Interest in Shiba Inu (SHIB) Continues to Grow

The recent transfer of Shiba Inu by whales can be attributed to SHIB nearing its Shibarium layer-2 launch. This particular launch seems to have attracted a lot of whales and the whales seem to have a rising interest in the dog-themed crypto. The whale that was inactive started its activities in May when news about Shibarium was making the rounds across social media.

On May 31, 2022, the whale involved in the aforementioned transaction amassed over 25 trillion Shiba Inu (SHIB). The data from etherscan shows that the transfer was made from Binance.

Read Also: Did You Know that Shiba Inu Burned Coins Value Have Exceeded the Market Cap of MATIC?

According to data from etherscan, the wallet now holds the title for the whale with the largest SHIB holding, surpassing all major Shiba Inu whales. The whale wallet tagged ‘light’, which was holding over 32.9 trillion has been displaced by this XRP whale. Together, the two Whale Wallets currently hold 8.1704% of the entire amount of Shiba Inu (SHIB) in circulation.

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Ethereum whales also seem to display their interest in Shiba Inu as it regains its place in the top ten purchased tokens among the top 100 ETH whales. SHIB also holds the biggest token position by dollar value.

According to the data from WhaleStats, SHIB is ranked as the 3rd largest token held by the top 100 ETH whales. SHIB holds 16.37% of the holdings of the top 100 ETH whales.


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