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Whales with more than 1 trillion in wallet buy out another 130.5 billion SHIB: Report

ETH whales with more than a trillion Shiba Inu in their wallets have bought another 130.5 billion worth Shiba Inu.

According to WhaleStats, owners of two big Ethereum wallets – “BlueWhale0073” and “Bombur” have bought a total of 130.5 billion Shiba Inu meme tokens. One of these whales already has more than a trillion SHIB in its wallet. “BlueWhale0073,” an Ethereum investor, purchased 77,863,856,441 SHIB for $1,679,523 earlier today. Another whale, “Bombur,” had already gotten his hands on a lesser, but still significant amount of SHIB. 

“BlueWhale0073” obtained 52,722,964,285 SHIB tokens after naming his wallet after Tolkien’s epic classic “The Hobbit: There and Back Again.” “Bombur” currently has a total of 1,018,537,622,377 SHIB valued at $21,847,632. That’s 5.8% of his total holdings.

Gucci now offers SHIB and other crypto tokens

As previously reported by CryptoShrypto, Gucci, the Italian luxury fashion house, has begun taking cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, wrapped Bitcoin, Litecoin, Shiba Inu, and five stablecoins tied to the US dollar as payment, including Dogecoin, a meme coins, as payment for its products at 5 selected locations across North America.

Crypto payments will be done by using a link provided to the consumer through email, which will contain a QR code. Customers are required to scan the received QR code in order to pay to execute the payment for fashion items from their crypto wallet. 

According to Gucci CEO Marco Bizzarri, Gucci is always open to new technology. Gucci was hardly the first fashion house to dive into blockchain technology. It took the risk of issuing an NFT in May, which was eventually sold for $25,000.

Last summer, word broke that Philipp Plein, a German design label, has begun to take cryptocurrencies after forming a collaboration with cryptocurrency payment processor Coinfy. The fashion industry appears to be keen to begin accepting payments all across the world. This year, Italian John Richmond began working with Shiba Inu in the winter.

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Vaishali Goel
Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.


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