Ethereum whale buys 47 billion Shiba Inu tokens

An Ethereum (ETH) whale that currently holds more than $100 million in Shiba Inu tokens has purchased an additional 47 billion Shiba Inu (SHIB) tokens.

The whale now owns $116 million in SHIB

The anonymous whale has now become one of the largest holders among token investors, reports WhaleStats† According to the transaction page, a whale made a major purchase today and now owns $116 million in SHIB. In addition to Shiba Inu, the 15th-place wallet contains $600 million in various tokens related to Adidas, Twitter and YouTube.

Fifteen (15) percent of the whale’s wallet is said to consist of “other tokens”. The value of these tokens is a whopping $186 million. They consist of positions like Matic, SAND and others.

The whale’s largest holding is Adidas Metaverse, which is now valued at around $500 million. His or her wallet performance is currently in an uptrend. The value of the wallet rose from $610 million to $1.1 billion in a few days.

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Shiba Inu .’s Market Performance

As the cryptocurrency market dives deeper, smaller altcoins like Shiba Inu are showing more or less sufficient movement in the market with no significant declines in the past 10 days.

Prior to another correction in the cryptocurrency market, Shiba Inu faced an unexpected 50% increase in price. Other cryptocurrencies tried to survive the crash in both financial and digital asset markets caused by global risk aversion.

At the time of writing, Shiba Inu is trading at $0.00002667. This is a price increase of 5.4% in the last 24 hours. The local floor for the meme token is currently at $0.00002. This is considered a strong support zone for the digital asset.

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