Whale buys SHIB 87 billion, while top investors’ Shiba balance shrinks


Yuri Molchan

Nearly 87 billion meme tokens have landed in the wallet of this great Ethereum whale, which prefers LINK and USD stablecoins

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86.7 Billion Shiba Grabbed By This WhaleSHIB balance of whales collapses

The WhaleStats platform, which tracks data related to the top 100 wallets on Ethereum, BSC and other chains, has announced that another impressive amount of Shiba Inu has been added to its crypto stash by a major ETH investor.

Although this whale has bought nearly 90 billion SHIB, the Shiba Inu shares of the top 100 ETH investors are on the decline.

86.7 Billion Shiba Grabbed By This Whale

According to the aforementioned data platform, the owner of the wallet called “BlueWhale0073” bought a total of 86,740,251,500 Shiba Inu meme coins. This sum of SHIB cost him $1,015,728.

However, this whale uses SHIB as a purely speculative asset as it always sells the acquired Shiba Tokens after purchasing them. Currently, SHIB and other small-cap tokens make up only 0.2% of this investor’s portfolio.

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The whale bought the SHIB on the dip of $0.00001136 and sold it when the price briefly rose to the $0.0000119 high. It has now fallen again. These small fluctuations can give the whales sufficient profit with large amounts of SHIB.

At the time of writing, the wallet “BlueWhale0073” mainly contains USDT (62.74% of the wallet), USDC (19.9%) and LINK (14.09%).

SHIB balance of whales collapses

Another piece of data from WhaleStats has shown that in the past 24 hours, the amount of Shiba Inu held by major wallets in the Ethereum chain has decreased.

On May 24, the chart of the crypto holdings of the whales showed they owned $833,034,530 worth of Shiba. Since then, this amount has fallen to the $544,104,532 equivalent of Shiba. This is now 11.34% of their existing crypto portfolio, as opposed to 15.86% yesterday.

Image by Whale Statistics


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