Major Ethereum Investor Has Invested Nearly $2 Million in Buying Big Lumps of Shiba Inu on the Dip
The WhaleStats crypto tracking service recently made publicity about another massive Shiba Inu purchase. An Ethereum whale has bought 187 billion mem coins, while the price of SHIB is going down despite several cases of adoption.
187 billion SHIB bought amid fall in prices
Whale “BlueWhale0159” has purchased 187,000,000,000 Shiba Inu coins, paying a total of $1,985,940 for them.
This whale holds the majority of its portfolio in the USDC stablecoin – 95.38% of it. The total value of his crypto investments on the Ethereum chain comprises $241,709,014.
According to the wallet page of this investor, he has already sold such a huge amount of the second largest meme cryptocurrency. WhaleStats shows that the Shiba Inu is currently in the list of top 10 bought coins and also in the list of top 10 sold cryptocurrencies.
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The ETH whale “bluewhale0159” just hit 187,000,000,000 . Is purchased $shibo ($1,985,940 USD).
#67 on WhaleStats: https://t.co/b0sIz9f1O1
Transactions: https://t.co/T9mz5mILj2#shib #sibsena
– WhaleStats – BabyWhale ($BBW) (@WhaleStats) 8 June 2022
As reported by U.Today, on June 1, another top Ethereum whale, “bluewhale0073,” acquired 130,419,267,297 SHIB on the day, worth $1,531,122.
Whale’s SHIB balance drops below $500 million
According to the Whalestats website, major ETH investors are selling their Shib tokens. The data provided shows that the total SHIB balance of Ethereum whales is now less than $500 million – a total of $495,453,149, or 11.13% of their portfolio.
SHIB comes in second here after the FTX token (19.87%) and third behind the USDC stablecoin, which has become quite popular recently after Terra’s UST stablecoin lost the dollar peg and USDT pegged It showed brief volatility below the $1-$0.99 level.
At the time of writing, the Shiba Inu is changing hands at $0.000001068, according to data provided by CoinMarketCap.
Recently integrated SHIB payments in 180 countries
As covered by U.Today, following the recent announcement of a collaboration between BitPay and non-custodial wallet Edge, SHIB, Dogecoin, BTC, LTC and other digital currencies to buy goods and services from consumer merchants in 179 countries currencies can be used.
The latter has a user base of over 1.7 million accounts. With the addition of BitPay and Edge, payments in SHIB and other cryptos are now available to over 200 million users around the world.
