Whales continue to buy Shiba Inu (SHIB) despite the market’s 11% weekly decline. FTT, MATIC and a number of altcoin projects have seen additional acquisitions in the process.
This whale tops meme token with billions of SHIB purchases
A major investor in the Ethereum network bought approximately 71 billion Shiba Inu, making the meme token the largest token in dollar terms among whales made his position. The Ethereum whale, nicknamed “BlueWhale0073” tracked by WhaleStats, has recently withdrawn 70,606,169,414 Shiba Inu in a single transaction. At the time of purchase, the fee paid by the whale was $1,440,365. Whale tracker WhaleStats dev reported the Shiba transaction in the tweet below.
BlueWhale0073 is also stocking this altcoin project
As I mentioned in the cryptokoin.com news, on May 3, the same whale bought 300,997,019,465 Shiba for $6,149,369. Apart from Shiba, the giant Ethereum whale named “BlueWhale0073” also pulled 959,068 MATIC worth $1,024,285 to its wallet.
SHIB reclaims the largest HODL position position of whales
Additionally, Shiba Inu, the second largest meme coin, is the largest crypto in dollar terms among the top 100 ETH whales, according to data provided by WhaleStats. outperformed FTT to regain its money-holding position. At the time of writing, the top 100 Ethereum wallets hold 15.13% of their total portfolio, or $961,204,646 worth of Shiba Inu. On April 3, for the first time in a week, the total stock of Shiba held by whales fell below $1 billion where it is now.
FTT 859,144, accounting for 13.52% of whale portfolios. It follows the Shiba closely at $254. Polygon (MATIC) accounts for only 3.08% of the whales’ total portfolios, and the wallets have MATIC valued at $196,079,926.
Meanwhile, the development team has announced that users can now pay with SHIB to mine land in SHIB: The Metaverse. As MATIC and FTT battle Shiba for the position of the largest token in the dollar, the meme project apparently won’t let the gap close with a series of recent announcements.
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