Crypto

356 Billion SHIB Bought By This Whale As The Token Rises 6% Between Crypto Massacre

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Yuri Molchan

As the market continues to plunge into deep red, this whale has grabbed a big chunk of SHIB with a 6% surge

Ethereum whale “BlueWhale0073” continues to buy massive amounts of Shiba Inu even now as the market is seeing the top 10 and other coin prices fade and their market caps melt.

Apart from SHIB, the whales have been acquiring large amounts of FTX Token and MATIC.

356 billion Shiba added by this whale

Crypto tracking service WhaleStats focused on the 100 largest wallets on various blockchains, including Ethereum, BNB, Polygon, etc., has tweeted that the owner of “BlueWhale0073” has made a huge Shiba Inu acquisition.

A total of 356,078,908,730 Shiba have been added to this crypto address valued at just over three million dollars. The transaction took place more than 14 hours ago.

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Earlier this month, the whales made at least two more purchases of the second largest meme token, SHIB; On June 6, the investor with a wallet named “BlueWhale0159” purchased 187,000,000,000 Shiba Inu, and on June 1, this whale added 130,419,267,297 SHIB to his address.

The first purchase was made for almost $2 billion and the last was valued at $1,531,122 at the time of the transaction.

Whales are uploaded to FTT and MATIC

As FTT has been identified as the largest holding of Ethereum whales by USD value, WhaleStats also reported that investors in the ETH chain have bought several staggering stacks of FTX tokens.

These whales have ETH: “BlueWhale0116”, “BlueWhale0079” and “Bonobo”. They have acquired 771,779; 6,500,000 and 15,000,000 FTX, respectively. In total, these FTT amounts were worth a whopping $510.5 million.

Approximately 5.8 million MATICs, valued at $2.4 million, have also been purchased.

SHIB rises 6% in bleeding market

As the cryptocurrency market remains in deep red, with Bitcoin falling to $22,500 and Ethereum falling to $1,222, along with most other coins, the Shiba Inu has seen some growth despite all of this.

In the last 24 hours, the second largest dog crypto has shown an increase of almost 6%, according to CoinMarketCap.

Cardano, Solana, and a few other coins within the top 20 list have also shown substantial growth.

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Image via CoinMarketCap

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