Top Whale Adds Over 215B Shiba Inu, 674B in 10 Days

BlueWhale0073 Snaps Up Over 215 Billion Shiba Inu Amid Price Drop.

Shiba Inu’s (SHIB) decline has enticed prominent Ethereum whales to augment their holdings in the well-known dog-themed cryptocurrency.

Given the current trading price of Shiba Inu (SHIB) at around $0.00001034, prominent investors in Ethereum (ETH) see this as a favorable time to increase their holdings in SHIB and continue to do so without slowing down.

WhaleStats reports that BlueWhale0073 has taken advantage of this opportunity by acquiring a substantial amount of Shiba Inu during a decreased value. The transaction involved the transfer of 215,815,570,539 (215.81B) SHIB, valued at $2,209,951 ($2.20M), from an unidentified address to BlueWhale0073’s wallet. The sending wallet paid a nominal fee of $33.46 to complete the transaction.

It is worth noting that BlueWhale0073 is ranked 254th on the WhaleStats’ top Ethereum address list and has been making a series of purchases for SHIB since March 3rd, 2023. In the past ten days alone, BlueWhale0073 has acquired over 674 billion SHIB. However, the address holder is not known for holding SHIB for an extended period and only makes purchases when the price is low, selling when the value of the token increases.

Currently, BlueWhale0073 only holds 2.24 billion SHIB, valued at approximately $23,141.

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Over the past 30 days, Shiba Inu’s performance has been disappointing, with its price dropping by -25% as of press time. The price decline continued over the past 14 days, with a -17.7% decrease, and the past week, with a -9.2% drop. However, at the time of writing, there has been a slight increase of 2.7% in SHIB’s price, which is currently trading at $0.00001034. The 24-hour trading volume for Shiba Inu is $430,108,843 ($430.10M).

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