Amid Shiba Inu Crash, Major Whale Addss 215B+ SHIB, 674B in 10 Days

Amid Shiba Inu Crash, Major Whale Adds 215B+ SHIB, 674B in 10 Days

Due to the collapse of Shiba Inu (SHIB), well-known Ethereum whales have increased their holdings of the famous dog-themed cryptocurrency. 

At a price drop, BlueWhale0073 purchases more than 215 billion Shiba Inu.

Shiba Inu (SHIB) is currently selling for roughly $0.00001034, prompting famous Ethereum (ETH) investors to raise their holdings of SHIB and keep doing so without stopping.

According to WhaleStats, BlueWhale0073 has seized the chance and purchased a large quantity of Shiba Inu at a discounted price. 

$2,209,951 ($2.20M) in SHIB worth 215,815,570,539 (215.81B) was transferred from an unspecified address to BlueWhale0073’s wallet. 

The sending wallet paid a little charge of $33.46 to complete the transaction.

It is important to note that BlueWhale0073 has been making several purchases for SHIB since March 3rd, 2023, and is listed as the 254th top Ethereum address on the WhaleStats list. 

BlueWhale0073 has bought approximately 674 billion SHIB in only the last ten days. 

The address holder, however, is not renowned for keeping SHIB for an extended amount of time and only buys when the price is low, selling when the token’s value rises.

BlueWhale0073 only has 2.24 billion SHIB, equivalent to about $23,141, in his possession.

Shiba Inu has performed poorly over the past 30 days, with its price falling by -25% as of press time. 

The price slide persisted with a drop of -17.7% during the previous 14 days and a decline of -9.2% over the last week. 

However, as of this writing, SHIB’s price, which is currently trading at $0.00001034, has increased somewhat by 2.7%. 

Shiba Inu has a 24-hour trading volume of $430,108,843 ($430.10M).

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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