The sun has appeared in the cryptocurrency market these days and has melted the profits a bit. Leading crypto Bitcoin climbed over $22,000, up over 13% weekly. Leading altcoin Ethereum made its investors happy with the effect of the upcoming Merge. In this environment, whales also returned to the waters. The biggest Ethereum whale has bought a massive amount of Shiba Inu (SHIB) from Binance and Coinbase.
Biggest Ethereum whale, this altcoin accumulation continues
As the crypto market heats up, crypto whales have begun to roam the waters. A massive Ethereum whale seems to have its eye on the popular meme coin Shiba Inu (SHIB). The whale has collected 536.51 billion Shiba Inu (SHIB) through various transactions in the last 24 hours.
It seems the ETH whale continues to devour huge chunks of the popular meme coin. Etherscan.io recently reported that a deep-pocketed ETH investor has purchased a total of 536,519,773,065 (536.51 billion) SHIBs worth $7,017,678 ($7.01 million) in 14 instant transactions in the past 24 hours.
ETH whales SHIB accumulation / Source: EtherscanEtherscan.io data reveals that the largest ETH investor bought all Shiba Inu from two of the world’s leading cryptocurrency exchanges, Binance and Coinbase. Whale first processed ten separate transactions on Binance. In this context, it purchased a total of 475,719,924,316 (475.71 billion) tokens worth $6,222,416 ($6.22 million) to SHIB. Whale later moved to the Coinbase exchange. It also swallowed another huge chunk of 60,799,848,749 (60.79 billion) SHIB worth $795,262 in three key trades on this crypto exchange.
After the massive accumulation, the biggest ETH whale sold some of its SHIB holdings. In this context, it raised 19,200,000,000 (19.20 billion) tokens worth $252,096 in a notable transaction. The key ETH investor currently holds 519.33 billion SHIB worth $6.82 million in his wallet.
ETH whale available SHIB Holdings / Source: EtherscanShiba Inu price performance and number of holders
Meanwhile, the Shiba Inu is up 0.10% in the last 24 hours, according to data from CoinMarketCap. The dog-themed meme coin is trading at $0.00001293 at press time. However, the altcoin is 85% off from the $0.00008845 ATH level it saw about a year ago.
As you follow on Kriptokoin.com, the popularity of Shiba Inu and other meme coins has dwindled a bit in recent months in line with the expanding depressed markets. However, the latest data shows that the number of addresses has reached a new milestone. This shows that some of the investors are most likely betting on the token. As of September 12, the total number of SHIB holders increased by 40,033 in three months to 1,221,112.
Number of SHIB holders / Source: CoinMarketCap
11661
