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SHIB Does It Again, Zooms Into Top 10 Purchased Tokens: WhaleStats

Cryptocurrency May 19, 2022 11:00AM ET
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SHIB Does It Again, Zooms Into Top 10 Purchased Tokens: WhaleStats

  • Shiba Inu is back on the top 10 purchased tokens among the 500 ETH whales.
  • Whales have regularly pushed SHIB’s price to go higher over the last few weeks.
  • A buying spree started more than 12 hours ago.

Shiba Inu (SHIB) is back on the top 10 purchased tokens among the 500 biggest ETH whales in the last 24 hours, according to ETH whales tracker WhaleStats.

This update came on the heels of an Ethereum whale reportedly buying 4 trillion SHIB tokens ($134 million) in a single transaction. Following this huge transaction, the SHIB price rose by 10% in the last 24 hours.

At the moment, it is unclear who the whale is or why they are buying so many SHIB tokens. This buying activity comes after a period of relatively stable prices for Shiba Inu. Regardless, SHIB is also the most traded and biggest token held among the top 1000 ETH wallets, based on WhaleStats’ data.

Meanwhile, the wallet held by the whale who decided to buy $134 million worth of SHIB in a single transaction has seen its ETH balance increase by over 2,500 ETH since the beginning of the year. The

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SHIB Does It Again, Zooms Into Top 10 Purchased Tokens: WhaleStats
 

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Tyson Hrycuik
Tyson Hrycuik May 19, 2022 11:24PM ET
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