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HomeAltcoinsEthereum whales invests USD 11 million to purchase Shiba Inu

Ethereum whales invests USD 11 million to purchase Shiba Inu

One of the top Ethereum whales has invested USD 11 million to purchase a large number of Shiba Inu, according to WhaleStats crypto tracker. It boosted the stock of tokens to a staggering one trillion SHIB.

According to a recent tweet from WhaleStats, a top 5 crypto investor who has a wallet named after J.R.R. Tolkien’s renowned work “Lord of the Rings.” Dwarf Gimli, spent USD 11,561,701 on 442,637,867,858 SHIB. 

SHIB accounts for 17.42 percent of the top 100 Ethereum whales’ holdings or USD 1,558,453,796 in fiat equivalent. Shiba Inu is the second most valuable token in terms of US dollars, trailing only the FTX token (FTT). 

On Wednesday, a source announced that a crypto investor purchased an incredible 442,637,867,858 SHIB, therefore becoming a new SHIB whale. This amount is equivalent to $11,969,061 in the second most valuable canine cryptocurrency.

In a similar situation in which an investor acquired 3,457,477,154,937 SHIB in a single transaction, creating a new whale. For that quantity of cryptocurrency, he spent USD 115,998,358. Shiba Inu, the 14th-ranked cryptocurrency, is now trading at USD 0.00002552, a 4.11 percent decrease. Weekly pricing figures, on the other hand, have climbed by 20.64 percent.



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