Since last week, the biggest Ethereum whales have spent millions on a meme coin and they seem to be saving up.
Ethereum whales hoarding meme coins at bottom price
Last week, the largest Ethereum (ETH) whales bought approximately 1.71 trillion Shiba Inu (SHIB) worth $44.3 million. This week’s whale trades also reaffirmed the Shiba Inu love. The popular meme coin is trading at $0.00002446, down nearly 6% the previous day, with 24-hour trading volume of $662 million. During a significant drop, Ethereum whales usually tend to collect from the bottom.
3 ETH whale $44 million worth of Shiba bought in 7 days
Giant ETH whale named “Light” on April 12, 2022, $7.59 million collected 331.90 billion SHIBs worth On the same day, Robinhood exchange announced the listing of SHIB. The announcement accelerated whale transactions. The next day, the 12th largest ETH whale “Bombur” added 217.39 billion SHIB worth $5.95 million to its portfolio. This huge transaction was made on the same day by the 5th largest whale “BlueWhale0073”, which received an astonishing 775.47 billion SHIB.
14 April 2022 to the “BlueWhale0073” portfolio for $4.31 million Added 169,975,386,848 SHIBs. On April 15, 2022, “BlueWhale0073” collected another massive stack of SHIBs worth $5.78 million in its third consecutive transaction. Meanwhile, last week alone, it bought almost 1.16 trillion SHIB worth $30.84 million. In the previous 7 days, the largest ETH whales have withdrawn 1.71 trillion SHIB worth $44.39 million to their wallets.
Shiba is the largest token position by dollar value
According to WhaleStats data, SHIB currently has the highest dollar value among the largest ETH whales. The first 1,000 ETH whales hold Shiba Inu for an average of $1,602,881,412.
According to WhaleStats statistics, which we have quoted as Cryptokoin.com, meme coin projects like SHIB seems to be popular among the top 1000 ETH whales. ETH whales have also made SHIB one of the most used smart contracts in the last 24 hours.
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