NewsletterShib Whales Snag 143 Billion Shib Despite Asset’s Recent Dip
Ethereum whale investors have been relentlessly buying up Shiba Inu (SHIB) regardless of its price direction. Per WhaleStats’ data, a single ETH whale bought 143 billion (worth approximately $3.2 million) SHIB tokens recently.
ETH whales continue accumulating SHIB
The whale wallet named “BlueWhale0073” is ranked 272 among the over 5000 most valuable ETH wallets the platform tracks. WhaleStats also shows that the same whale has been rapidly accumulating the memecoin.
The investor bought over 57 billion SHIB, spending around $1.3 million, just this Thursday. The whale now holds over 376 billion SHIB worth around $8.1 million. The possibility of the whale’s SHIB exposure increasing is also very strong as the wallet’s largest holding is currently USDT.
Meanwhile, this whale has not been the only high-value ETH investor favoring SHIB. Other popular wallets in the top 100 cohort have been bagging the memecoin massively.
A few examples from WhaleStats include wallets named Bonobo and Gimli. Collectively, the top 100 ETH whales hold just under $1 billion worth of SHIB tokens. The memecoin currently dominates other tokens as their largest holding.
However, this is not the only bullish indicator for the SHIB market. The ‘DOGE killer’ token has also been seeing massive amounts of its supply being removed from circulation. Less than a week after going live, the official SHIB burn portal has reported more than 20 billion SHIB burnt, with around 1.5 billion going down in the last 24 hours.
What else have ETH whales been buying?
ETH whales have also been noticeably investing in several other tokens in the market. A recurring theme in their investment has been metaverse tokens, which SHIB is also shaping up to become.
Similarly, ApeCoin, the native token of the BAYC ecosystem metaverse, OtherSide, has also been getting bubbled up by these investors. The project has released plans to launch sales of its virtual land today.
More established metaverse tokens including Gala games (GALA), the Sandbox (SAND), and Decentraland (MANA), have been noted to be gaining increased traction in the market
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Prediction Platform Polymarket Relaunches in U.S. Following CFTC Approval
- December Fed Rate Cut Prospects Strengthen After ADP Shows Deepening Labor Market Weakness
- Trump-Backed World Liberty Financial to Roll Out RWA Products in January
- Crypto Exchange Bitget Teams Up With Julián Álvarez to Spotlight GetAgent’s Trading Capabilities
- MSCI Index Removal Threat Grows as Strategy Enters Negotiation Talks, Saylor Confirms
- Bitcoin Price Prediction: Will Next Bull Run Push BTC to $100,000?
- Pepe Coin Price Risks 80% Crash as Alarming Pattern Forms and 6.5T Inflows
- Chainlink Price Surges 20%: What’s Driving Massive Upswing?
- Solana Price Poised for 25% Rally as ETF Inflows Surge Past $650M
- Will HYPE Price Reach $50 After Sonnet Finalizes Its $1B Digital Asset Merger?
- AIAO Price Prediction: Projected 659% Surge from $5.56 to $42.22 by Early 2026!
