The XRP Whale has converted more than $40 million worth of ripple (XRP) into trillions of Shiba Inu (SHIB), increasing shib to 21 percent of her portfolio while lowering ripple (XRP) to 5 percent.
Whales are growing more fascinating to Shiba Inu as the launch of the Shibarium Layer-2 solution approaches. The Mega Crypto whale has added 20 trillion SHIB in a single massive transaction, according to on-chain data.
Using one record-breaking transaction, the Mega Crypto Whale amassed 20,000,000,024,240 (20T) SHIB, valued at $210,105,912 ($210.10M), according to Etherscan.io data. The whale can hold 48.7T worth of shib.
As Unification XFUND, a blockchain service provider company that is directly involved in the development of the Shibarium Layer-2 solution recently confirmed via a recently published official Medium blog post that they plan to deploy Shibarium Public Beta TestNet in Q3, along with the FUND TestNet upgrade incorporating the highly anticipated IBC/Gravity/wFUND updates, Shiba Inu started gaining a lot of traction these days.
On May 31st, 2022, as reports about the likely release of the Shibarium Layer-2 solution started spreading throughout social media channels, the whale became active for the first time. In one massive transaction, the whale ate up a record 25,732,607,947,509 (25.73T) SHIB, valued at $303,989,233 ($303.98M).
Etherscan.io data also indicates that the whale bought all of these tokens through “Binance 8,” one of the wallets linked to Binance.
According to Etherscan.io, the Mega Crypto Wallet has now eclipsed the Whale Wallet labeled “Light” in SHIB holdings and has taken the title of largest (SHIB Whale) holder of the Shiba Inu coin.
The Massive Crypto Wallet currently has an enormous amount of SHIB in its possession—48,732,607,971,750 (48.73T)—worth $516,565,644 ($516.56M). In contrast, the “Light” only has 32,971,011,996,001 (32.97T) SHIB—worth $349,492,727 ($349.49M)—in its possession.
Together, the two Whale Wallets currently contain 8.1704 percent of the entire amount of Shiba Inu in circulation. According to information from CoinMarketCap, there are currently 549.063 trillion Shiba Inus in circulation.
On the other side, Shiba Inus are also attracting the attention of wealthy Ethereum investors. According to WhaleStats, SHIB has overtaken ETH among the top 1000 whales in the previous 24 hours regarding token purchases.
Effect on Shiba Inu Price
Shiba Inu’s price increased by more than 6% over the past day due to the significant accumulation from SHIB Whale and Ethereum Whales starting to show interest in the most widely used canine-themed cryptocurrency. Shiba Inu is now trading for $0.00001061, with a $382,464,896 ($382.46M) 24-hour trading volume.