- The seventh-largest Shiba Inu holder received 96.74 billion SHIB.
- Biggest ETH Whales appear to favor Shiba Inu as their preferred token.
- Shiba Inu is currently down -6.42% from the prior week as it continues to perform poorly.
An unidentified whale, the seventh-largest holder of Shiba Inu coin, collected an astounding 96.74 Billion SHIB, worth $958,252 in one major transaction.
The major Shiba Inu investor has been steadily devouring sizable portions of the second-largest cryptocurrency with a canine theme in terms of market cap over the past seven days.
The affluent SHIB investor added an extraordinary 322.88 billion SHIB worth $3,198,191 ($3.19M) to their wallet over the course of nine different purchases since October 13.
While it is unclear what caused the massive increase in SHIB prices, some speculate that the investor may be anticipating a potential bull run in the market. It is also possible that the whale is simply cashing in on the current trend.
On October 13, 2022, the Whale made its most significant transaction in the previous seven days. The top holder acquired a staggering 131,637,143,895 (131.63B) SHIB valued at $1.37 million in a single colossal transaction.
A staggering 15,632,046,484,671 (15.63T) SHIB, valued at $154,600,939 ($154.60M), are currently held by the Whale.
On the other side, Shiba Inu continues to seem to be the preferred token among the giant ETH Whales, according to WhaleStats.
Despite the significant whale buying activity, Shiba Inu continues to underperform and is currently down -6.42% over the previous week.
Shiba Inu is currently trading at $0.000009881, down -2.28% from the previous day, and has a 24-hour trading volume of $146,758,469 ($146.75M).
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