ETH Whale Accumulates 186B $SHIB, Ranks 387 on Whalestats

• “Bluewhale0159” ETH whale made a large buy that amounted to around 186,939,748,000 SHIB.
• The sender paid a gas fee of 0.0000000386 Ether (38.579068735 Gwei).
• The current price of SHIB on exchange is $0.000008511.

A recent statistic from Whalestat indicates that an Ethereum whale with the alias “bluewhale0159” made a large buy that amounted to around 186,939,748,000 SHIB. This transaction, which is valued at more than $1,596,465, is evidence that ETH whales have a high level of trust in the SHIB initiative. The transaction ranks 387 in the ETH whales rankings as per the report.

The sender paid a gas fee of 0.0000000386 Ether (38.579068735 Gwei) and a transaction fee of 0.001158 Ether according to the data. Additionally, there have been a total of 3,603 block confirmations indicating that the transaction is secure and immutable, providing confidence to potential investors.

According to the data provided by Coinmarketcap, in the wake of the big transaction, Shiba Inu (SHIB) is now trading in an ascending sentiment and has registered an advance of more than 2.30% in the preceding 24 hours.

The current price of SHIB on exchange is $0.000008511. In addition, the market capitalization of the memecoin has increased by 2.63 percent, and it is now at $4,673,327,895 at the time of this writing.

According to experts, this is a proof that growing number of investors are turning to cryptocurrency investments as a potential source of long-term profits. Allegedly, this transaction by bluewhale0159 has the potential to set off a chain reaction of more investors purchasing SHIB, which would result in a rise in the stock’s price as the cryptocurrency community. It will be fascinating to see, over the next several weeks, how the SHIB market responds to the impact that this massive transaction has.