According to WhaleStats, the 254th largest Ethereum whale, known as “BlueWhale0073,” has added 148.78 million units of SHIB to her wallet in a single transaction worth $1.65 million. This transaction was executed about five hours ago from the current press time.
BlueWhale0073’s recent purchase of 148.78 million units of SHIB worth $1.65 million follows her previous acquisition of 229.96 billion SHIB worth $2.58 million on April 5th. The total number of SHIB acquired by the whale in the last 72 hours has now reached an impressive 378.74 billion units valued at $4.23 million. It appears that BlueWhale0073 is buying every dip in the price of SHIB, demonstrating her confidence in the cryptocurrency.
Shiba Inu’s Continous Positive Developments
The recent positive developments in the Shiba Inu ecosystem may also be a reason for BlueWhale0073’s accumulation spree. One such development is the addition of support for Shiba Inu and its governance token, Bone ShibaSwap (BONE), by Crypto.com. The platform has introduced a new trading pair, BONE/SHIB, which will likely contribute to the bullish sentiment around SHIB and attract the attention of large cryptocurrency holders like BlueWhale0073.
Uphold, a multi-asset trading platform based in New York has disclosed its Proof-of-Reserves data which shows that it holds an impressive 921.09 billion SHIB tokens in its reserve, with an estimated value of $10.42 million. This data demonstrates the platform’s transparency and reliability, which could attract more investors to use Uphold for trading SHIB and other cryptocurrencies.
Related Reading: Growth of XRP Addresses Reaches New Highs: Is XRP Heading to $1?
DODO, a decentralized trading platform, has teamed up with Alchemy Pay to enable its users to buy Shiba Inu with fiat currency, potentially increasing the adoption of Shiba Inu. This partnership could make it easier for people new to the world of cryptocurrencies to purchase Shiba Inu using traditional payment methods, potentially increasing its accessibility to a wider audience.
