Large investors holding large numbers of Shiba Inu (SHIB) are also investing in various altcoins besides SHIB. Among these, four metaverse coins stand out. Here are the details…
Whales continue to accumulate Shiba Inu (SHIB)
The whale wallet named “BlueWhale0073” is ranked 272nd among more than 5,000 most valuable ETH wallets tracked by the platform. WhaleStats also shows that the same whale is accumulating memecoins quickly. As Cryptokoin.com previously reported, the investor has purchased more than 57 billion SHIB, spending approximately $1.3 million this Thursday. The whale currently has 376 billion SHIB, worth about $8.1 million. Since the wallet’s largest holding is currently USDT, it is thought to sell SHIB.
By the way, this whale is not the only high-value ETH investor opting for SHIB. Other popular wallets in the top 100 groups are also rapidly buying meme coin. For example, Bonobo and Gimli wallets are also known for their SHIB investments. Collectively, the top 100 ETH whales hold just under $1 billion in SHIB tokens. Meme coin is currently leading among other investments as the largest holding.
Whales focus on these metaverse coin projects
However, this is not the only bullish indicator for the SHIB market. It appears that the supply of SHIB has been removed from circulation in large quantities. The official SHIB incineration portal reported that in total over 20 billion SHIBs were burned. Meanwhile, ETH whales are also investing notably in many other tokens in the market.
The latest theme in the investments of these big investors has been metaverse tokens. Similarly, ApeCoin, the native token of the BAYC ecosystem metaverse, seems to be targeted by whales. ApeCoin has recently broken its all-time high, especially with the excitement of Otherside. The project has released its plans to launch the metaverse sale. On the other hand, more established metaverse tokens including Gala Games (GALA), The Sandbox (SAND) and Decentraland (MANA) are also gaining increasing momentum in the market.
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