Whales’ interest in Shiba Inu seems to be recovering as the token is back among the most-traded ones
The second-largest meme token, Shiba Inu, has returned to the list of most-traded coins, according to a recent tweet from crypto-tracking platform WhaleStats.
Meanwhile, another large investor on Ethereum chain has acquired nearly 380 billion SHIB.
375.9 billion SHIB pocketed by the whale
The owner of “BlueWhale0073” wallet purchased a whopping 375,977,961,547 Shiba Inu tokens, paying $4,568,132 for this piece of crypto meme, according to a recent tweet posted by WhaleStats.
As reported by U.Today previously, on Friday, May 13, the same whale acquired 455,957,607,129 SHIB tokens and then sold them when the price went up.
Likewise, “BlueWhale0073” got rid of the SHIB he acquired earlier today. The remnants of this SHIB stash, along with other small-cap tokens, now constitute 0.9% of its portfolio. USDC, MATIC, and LINK still make up the majority of the whale’s crypto wealth.
In the early days of May, this whale also bought 77,863,856,441 Shib.
SHIB is back among the 10 most traded coins
According to the crypto tracking service mentioned above, Shiba Inu has returned to the list of the top 10 assets with the highest trading volume among the top 500 whales on the Ethereum chain in the last 24 hours.
By now, however, as shown by the main page of the platform’s website, Shiba has been pushed out of this top 10 list.
SHIB is listed by the main stock exchange in the Middle East
On May 13, Rain, the Middle East’s leading trading platform, headquartered in Bahrain, announced that it had added support for Shiba Inu after about two months. The price of the token jumped 25% on this news.
In March, the Twitter account of Rain asked whether the company should list SHIB in a public poll. The community voted for it. However, the most significant listing of the second biggest meme crypto this year has been the addition of SHIB by the popular Robinhood app that trades both traditional stocks and cryptos.
Dogecoin, the original meme token, had been listed by Robinhood before SHIB.
At the time of writing, Shiba Inu is changing hands at $0.00001259.