BlocksInform
Blockchain data shows that a massive Ethereum ($ETH) whale with over $500 million in total assets has now accumulated over 18.8. trillion Shiba Inu ($SHIB) tokens since they started buying the meme-inspired cryptocurrency in July 2022.
Based on the data provided by the blockchain zerion portfolio management platform, the whale has accumulated $shib since the price of the cryptocurrency plummeted from approximately $0.000027 in April 2022 to approximately $0.011, that began to build up.
To date, the whale has amassed more than 18.8 trillion tokens valued at more than $226 million, making it the largest symbolic position it currently has. Its average cost of shib is $0.000015, which means it loses approximately $68.9 million overall.
The second position of the whale is on Ethereum's native $ETH token, as it holds approximately $195 million in cryptocurrency value. Second, the whale has a $42 million polygon ($matic) and approximately $13 million chain ($link). Data indicates that he began earning $matic in June and $link in August. The whale would be able to sell those two properties for a profit at the time of writing.
The whale also has a compound valued at eight million dollars (comp.), the Money Market Protocol's governance sign, which it began to purchase in July following the collapse of its prices, and a total value of $5.3 million (uni$). It is in a profit state on both farms too.
As the hodl of every day, Blockchain data show that whale accumulation has become the sixth most important holder of shiba inu ($shib), holding approximately 1.88 per cent of the circulation supply of meme-based cryptocurrency.
As reported, Shiba Inu has led the “trending” charts on popular crypto aggregator websites after it was listed on one of South Korea’s largest crypto trading platforms by volume.
Exchange headquartered in Seoul upbit, that recorded more commercial volumes than any other stock exchange in the country after bination, Recently revealed is a $shib pair trading against the South Korean won (krw).
The largest whales of the Ethereum ($ETH) network have accumulated around $85 million of $SHIB ahead of its layer-2 scaling solution’s launch, and at a time in which the meme-inspired cryptocurrency partnered with the North American luxury brand Bugatti Group involved the minting of non-fungible tokens (NFTs) in a “special event” in which the Bugatti Group hosted a “mint party and space” dedicated to Shiboshis.
According to an account associated with the meme-inspired cryptocurrency, the special mint collection “sold out in the first 4 minutes” of the event as demand for the tokens far exceeded supply.
