Top Ethereum whales are actively buying the most popular dog-themed cryptocurrency at discounted prices despite the massive global crypto selloff that has caused Shiba Inu’s (SHIB) price to dip more than 20%.
Following this dip, some top ETH Whales became active and accumulated a massive chunk of Shiba Inu.
222nd Ethereum Whale buys 311.81B SHIB
According to a recent report from WhaleStats, the Ethereum whale ranked 222nd on the scale of this crypto data service has acquired a whopping total of 311,816,880,855 (311.81B) SHIB, worth $4,801,979 ($4.8M) in one substantial transaction.
However, Etherscan.io data indicates that after the massive accumulation; she has transferred 304,447,537,333 (304.44B) SHIB, worth $4,410,334 ($4.41M) to a mysterious wallet address through one significant transaction, leaving her total SHIB balance with 7,660,744,611 (7.66B) SHIB, worth $120,350.
The Whale has been actively buying since April
According to the data, this is not the first time BlueWhale0073 has sent this much SHIB to the strange wallet. Last time, the whale was seen active on Friday (6th May). On that day, she bought 83,438,237,727 (83.43B) SHIB, worth $1,675,373 ($1.67M), through three separate transactions and moved 84,890,168,431 (84.89B) of SHIB, worth $1,704,528 ($1.70M) to the same strange wallet address.
Although the current price of Shiba Inu (SHIB) doesn’t reflect the recent buying activities, the most popular dog-themed meme token is expected to show a significant increase in price soon as more whales continue to buy the dip, creating a positive sentiment in the market.