As SHIB consolidation continues, a top Ethereum whale purchases 86.74 billion Shiba Inu

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Shib: the metaverse

As the dog-themed cryptocurrency recovers slightly from its current support level of $0.00001125 on the 4-hour chart, Ethereum’s key stakeholder adds 86.74 Billion Shiba Inu (SHIB) worth $1.01 Million to her wallet.

According to WhaleStats, the 291st largest ETH Whale, “BlueWhale0073,” has just gobbled up a whopping total of 86,740,251,500 (86.74B) SHIB, worth $1,015,728 ($1.015M), in a single significant transaction.

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Etherscan.io reveals some intriguing data. Within 9 minutes of the purchase, the Whale made one “OUT” transaction and transferred a total of 88,363,976,794 (88.36B), valued at $1,036,563 ($1.03M), to one of the mysterious SHIB whales, leaving her total SHIB balance at 1,033,438,545 (1.03B) SHIB, valued at $11,946, according to Etherscan.io.

BlueWhale0073 has previously sent this much SHIB to the mysterious wallet. On Friday, May 20th, the whale accumulated 50,928,118,781 (50.92B) SHIB, worth $592,699, and then transferred 51,995,656,824 (51.99B) SHIB, worth $605,123 to the aforementioned mysterious wallet address.

Since Robinhood listed SHIB, this mysterious activity from the Top ETH Whale has continued. Since then, she has transferred 4.68 trillion SHIB to the mysterious wallet, worth $54.14 million at the current exchange rate.

Related article: Shiba Inu attracts 15,000 new holders in a week despite the bearish market

Shiba Inu Recovers From Current Level of Support

Shiba Inu’s price finally entered a really tight consolidation phase on May 14th, following the widespread selloff in the global crypto market that began on May 9th. Since then, the price has fluctuated between $0.00001125 and $0.00001306.

The popular canine-themed token has retested its current support level at $0.00001125 (4-hour chart) for the third time in the last 24 hours and experienced a slight recovery.

Shiba Inu is currently trading at $0.00001163, down -1.62 percent from the previous day, with a 24-hour trading volume of $322,708,394.28 ($322.70M).