SHIB 142.6 Billion Purchased by Investor as Whales’ Shiba Balance Falls Below $500 Million


Yuri Molchan

Major ETH investor has paid a significant amount to buy more than 142 billion Shiba Inu, while other whales in general have sold some of their SHIB stock

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142.6 billion SHIB added by whaleWhales’ SHIB Balance Drops Below $500 Million

Another major purchase of Shiba Inu tokens has been reported by WhaleStats crypto tracking platform targeting wallets based on five top chains: Ethereum, BNB Chain (BSC), Fantom, Avalanch and Polygon.

An owner of a large wallet on Ethereum bought more than 142 billion Shiba Inu 15 hours ago. This is not his biggest recent purchase from SHIB.

Meanwhile, SHIB’s total balance of ETH whales has fallen below the $500 million mark.

142.6 billion SHIB added by whale

According to a recent tweet from WhaleStats, an Ethereum investor whose wallet bears the title “BlueWhale0073” has again purchased a massive amount of SHIB-142,670,797,289 tokens. The amount of USD paid for that piece of meme crypto was $1,539,417.

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Earlier this week, the owner of the “BlueWhale0073” wallet also purchased 86,740,251,500 Shiba dog tokens.

At the moment, however, SHIB is one of the smallest holdings of this investor; along with other small-cap tokens, it comprises 0.78% of the whale’s portfolio. The largest assets in this wallet are dollar-backed stablecoins USDT and USDC. LINK is the third largest holding of this investor.

Whales’ SHIB Balance Drops Below $500 Million

While some whales continue to buy and sell SHIB on the dip once the price rises a bit, the number of wallets holding this token over the long term is decreasing.

According to WhaleStats, the total amount of Shiba Inu in possession of ETH whales has now fallen below $500 million, now accounting for $486,675,304 worth of SHIB. That’s just under 11% of the whales’ existing portfolio.

Curiously, the SHIB stock of the top 100 whales on ETH is larger than that of the USDT stablecoin; the latter represents 10.57% against 10.84% ​​of SHIB.

After Terra’s UST recently dropped below zero and USDT’s dollar peg went through mild turbulence, these investors’ confidence in this Tether stablecoin seems to have waned.

Image by Whale Statistics


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