Recent data from Etherscan shows that ETH whales have purchased more than 1.6 trillion Shiba Inu
Twitter user @shibaplay_ has shared that over the past 24 hours, a significant portion of the Shiba Inu, the second largest canine coin, has been moved onto the Ethereum chain, totaling more than 1.6 trillion SHIB.
Earlier today, SHIB’s price made a big plunge, losing more than 6 percent of its value, which whales immediately took advantage of.
Whale buys and transfers 1.6 trillion SHIB
The above Twitter user shared links to Etherscan, drawing attention to these eye-popping SHIB transfers.
50,656,885,934 SHIB was bought by an anonymous whale on Coinbase and withdrawn to his cold wallet. However, Etherscan shows, that in fact this whale bought three large chunks of SHIB, aside from this one – 80,960,690 SHIB, 130,204,348 SHIB and 8,756,682.
Another large lump of SHIB – 199,999,679,531 – was bought on Binance and transferred to a cold wallet by another investor.
The biggest amounts of SHIB in this series of transfers were shifted between anonymous wallets – 417,167,400,278 and a mind-blowing 796,958,896,631 SHIB. They are evaluated at $5,118,644 and $9,730,868, correspondingly. The second transfer was worth approximately one million USD more at the time of the purchase due to a higher SHIB exchange rate against the USD.
SHIB price down 6%
Earlier today, the Dogecoin coin lost 6 percent of its value, falling into a red candle within an hour. The 20 per cent rally that started a few days ago came to an abrupt end after a gain of about 20 per cent.
The latter is likely down to the overall recovery of the cryptocurrency market when the locomotive crypto, Bitcoin, topped the $22,000 level.
SHIB loses top 4 spot in largest ETH wallet
According to data shared on the WhaleStats website, SHIB, the second most popular canine crypto in Ethereum whale holdings, has dropped from the top 4 position to the sixth position.
At the time of this writing, the largest 100 wallets on Ethereum contain $152,100,683 worth of Shiba Inu. This comprises 3.89 percent of their portfolio. LOCUS and stETH tokens are right ahead of SHIB, holding positions number 5 and 4.
