“BlueWhale0073” bought 86.6 billion SHIB in order to sell it later. He has already purchased over 1.2 trillion Shiba Inu tokens since April 10 along with a few other ETH investors
86.6 billion Shiba Inu Lands In This Wallet
According to data from WhaleStats, this whale continues to buy Shiba Inu in order to sell it later.
He has already purchased over 1.2 trillion tokens since April 10, along with a few other ETH investors who have also been buying large amounts of the token.
According to WhaleStats, the owner of the “BlueWhale0073” address gobbled nearly 90 billion tokens – 86,679,001,529 tokens over 17 hours ago, paying $2,111,500 for the incredible amount of crypto.
This whale had amassed 1.2 trillion meme tokens in the previous two weeks. Three days ago, he made a 50 billion purchase.
More ETH Whales Move Tokens To Their Wallets
Moreover, ETH whale “Bombur” bought a 50,296,290,794 token lump on Friday after purchasing a similar amount earlier this week.
According to WhaleStats, Ethereum whale “Bombur” (ranked 19th on the WhaleStats scale of wallets) paid $1,269,191 for a total of 50,992,035,458 on April 21.
According to tweets posted by the WhaleStats crypto tracker, the Ethereum investor ranked 20th on the service’s list of the top 100 ETH whales, “Bombur,” purchased another 54,045,382,286 token on April 22.
Overall, the investor paid about $1.5 million for these two chunks.
However, pages of these wallets on WhaleStats reveal that these investors were buying more tokens to make a quick buck – the second-largest coin is both the largest incoming and outgoing asset.
The meme coin price has been fluctuating slightly this week, reaching a low of $0.00002401 on April 18 and then surging to $0.0000256, which is enough to make a significant profit trading massive amounts of tokens.
Whales’ SHIB Balance Shrinks
The overall supply of tokens held by ETH whales has been shrinking, according to the WhaleStats page, which shows key data related to the 100 largest wallets on the Ethereum chain.
On April 23, SHIB is worth $1.2 billion, whereas the token was worth $1.4 billion the day before.
SHIB, on the other hand, continues to be the most valuable crypto asset in terms of the USD value held by the largest Ethereum whales.
Adoption Of SHIB Spreads More Widely
This month has seen a significant increase in Shiba Inu adoption. The second-largest canine coin, in particular, can now buy you a Porsche from Porsche Towson, the company’s only dealer in Baltimore, as reported by CoinScreed.
The mainstream adoption of SHIB continues to accelerate. BitPay, the global leader in blockchain payment technology, recently announced a partnership with Towson. The collaboration will allow a premier Towson Porsche dealer to accept cryptocurrency as payment for vehicle purchases.
Also, on April 14, 2022, BitPay enabled Taylor Travel Management Group, a leading VIP travel agency with a strong international focus, to accept cryptocurrency in exchange for all of its services.
According to the tweet, Taylor Travel Management Group, based in the Netherlands, has expanded its payment options to include cryptocurrency, thanks to BitPay.
Furthermore, SHIB will be added to more Bitcoin of America chain crypto ATMs. In the food industry, Welly’s, an Italian fast-food chain that chose SHIB as its mascot, recently announced that it had received over 300 franchise applications.