Anonymous Shiba Inu whale buys 42 billion SHIB worth approximately $1 million

According to WhaleStats, an anonymous Shiba Inu whale made a massive purchase of about $1 million when the SHIB price peaked. But at the time of writing, SHIB is changing hands at $0.00002379.


SHIB/USD 4-hour chart | Source: TradingView

Shiba Inu whale grabbed 42 billion SHIB

This wallet made a large purchase on March 5 at 5:00 a.m. UTC. The receiving address currently contains $109.2 million worth of tokens, including Shiba Inu, USDT, SAND, and MANA.


Source: Etherscan

The second-largest holding in whale wallets is Tether’s stablecoin USDT on Ethereum. Unfortunately, the wallet is not listed on WhaleStats’ list of largest Ethereum addresses, so there is no way to precisely determine the wallet’s performance and Shiba Inu’s location.

According to TradingView, Shiba Inu entered a local bottom of $0.000023 and reached the 200-day moving average, acting as a support area for the token.

Before that, SHIB rose from it $0.000028 with the support of the recovery in the market. Unfortunately, the massive purchase made by the whale couldn’t help the meme token with its $12.9 billion market cap. Sentiment in the market remains neutral, with some positions up as much as 9% from their value, while others trade 1-2% higher.

Sign up for a Binance account here (Discount 10% trading fees):

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook