- An anonymous whale has bought almost 70 Billion SHIB.
- The purchase is done after the price slipped over 7%.
In line with a crypto analytics platform, CryptEye, a big investor which is not known yet has purchased $730,000 worth of SHIB in the past 24 hours, which estimates to about 70,86 billion tokens. In the last one week, $833,498 has been given to SHIB purchases by thisanonymous crypto whale. As a whole, the investor has $31.15 million worth of Shiba Inu tokens in its collection, equivalent to 3 trillion SHIB.
The massive buy happened on the day when the SHIB price slipped by over 7%. Having started trades for the fresh week at $0.000011 the value of SHIB was slipping so down that it included one more zero in a moment in its money terms. Nonetheless, since yesterday’s most hurtful drop, an investor may have already handled to generate 2% to 3% on its purchase.
SHIB stands for 73% of the collection.
It is not easy to know who this whale is and if he is straightly connected with the Shiba Inu project, told that SHIB has the biggest share of his portfolio after Ethereum. In line with the WhaleStates, in between the entire non-ETH cryptocurrencies, SHIB stands for 73% of the collection.
Adding to it, Shiba Inu still holds a big share in the collections of the hundred biggest Ethereum whales. As per that very data, 5.11% of the total mass collection of this group of investors is held by SHIB, which is equal to $126.4 million. The share of SHIB is second only to ETH, stablecoins and the synthetic stETH type.
At the time of writing, the value of SHIB is 1.23% down and is currently trading at $0.00001024.
Source: https://www.thecoinrepublic.com/2022/10/12/shiba-inu-price-fall-makes-this-anonymous-whale-purchase-another-70-billion-shib/