• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
Shiba Inu

Ethereum Whales Ramp Up Shiba Inu Purchases As 4th Biggest Whale Jumps In

Best Owie by Best Owie
1 year ago
in Altcoins
0

The buying rampage of Shiba Inu tokens by Ethereum whales does not seem to be ceasing anytime soon. Over the past week, these whales seem to have made it their mission to accumulate as much of the meme coin as possible, adding trillions of tokens to their balances collectively in the same time period. Recently, the fourth largest Ethereum whale jumped on the bandwagon.

Going Ham On Shiba Inu

Another Ethereum whale recently joined the long line of whales that have been pitching their tent with the meme coin. This time around, the fourth largest ethereum whale as presented by WhaleStats recently purchased some of the digital asset, and by some, meaning more than a million dollars worth of coins.

Related Reading |

This whale had purchased more than 51 billion SHIB tokens, reported by WhaleStats which follows the transactions of whale wallets. In total, the 4th largest Ethereum whale, popularly known as Tsunade, had bought $1,185,696 worth of Shiba Inu at the time of purchase.

? ETH whale "Tsunade" just bought 51,440,208,121 $shib ($1,185,696 USD).

Ranked #4 on WhaleStats: https://t.co/bUMOU6WFJh

Transaction: https://t.co/meDjUXoKkr#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 21, 2022

Related Reading | Weekend Rally Puts Dogecoin 10% Ahead, But Can The Meme Coin Hold?

Tsunade is not the only Ethereum whale that has been increasing its Shiba Inu holdings in recent times. Other whales have been following this same path. The previous day, a whale had purchased more than 3.7 trillion SHIB tokens. The value for this had come out to over $89 million spent on the token, one of the largest single transactions ever recorded by the meme coin.

?????????? An ETH whale just bought 3,713,675,424,944 $shib ($89,128,210 USD).

Ranked #216 on WhaleStats: https://t.co/A5Na3Aqf9U

Transaction: https://t.co/aVkbgfOyjs#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 19, 2022

SHIB Profitability

Shiba Inu had made its own fair share of millionaires last year when it emerged as the unlikely breakout star of the year. The cryptocurrency had surged so high and so fast that it had gathered a massive community behind it. This would continue for a while. However, once the downtrend started, it seemed to be a long way down until the majority of investors were in losses.

Shiba Inu price chart from TradingView.com

SHIB price continues to trend around $0.00001 | Source: SHIBUSD on TradingView.com

This is still continuing today as more Shiba Inu investors are recording losses the those in profit. According to data from IntoTheBlock, only 35% of all SHIB holders are currently in profit, presumably those that got into the digital asset early. 58% of all investors are in loss, and only 4% of investors are in the neutral territory.

Related Reading | The New Token Ethereum Whales Are Bullish On

As for the price of SHIB, it continues to trend around the $0.00002 level. There has not been much momentum in the digital asset in recent times and even massive purchases by whales have not done much to push the price upwards.

Featured image from Coinbase, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Best Owie

Best Owie

Related Posts

USDC and Abritrum

Circle Announces Launch of Native USDC on Arbitrum Network, Aims for Faster Transactions

6 days ago
Circle

Circle And Arbitrum Launch Native USDC: What You Need To Know

7 days ago
USDT Market Spikes While USDC Dips Amid Economic Uncertainty

USDT Market Dominance Spikes While USDC Dips Amid Economic Uncertainty

1 week ago
Fahrenheit acquires Celsius

Fahrenheit Emerges Victorious, Acquires Celsius’ Assets In A Bidding War

2 weeks ago
Billionaire Mark Cuban Weighs In On SEC’s Recent Claims Of Branding Filecoin A Security

Billionaire Mark Cuban Weighs In On SEC’s Recent Claims Of Branding Filecoin A Security

2 weeks ago
Crypto bull (ARB, SUI, BLUR)

Crypto Trader Predicts 50% Upside For BLUR, ARB, And SUI

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    7 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    7 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    1 week ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • dYdX Price Prediction for June

    2 hours ago
  • InQubeta (QUBE) Presale Sees High Adoption Rate Among...

    3 hours ago
  • Earn Interest with Uninvested Crypto Assets at Blofin

    3 hours ago
  • Cosmos (ATOM) challenger utilizes Blockchain AI –...

    4 hours ago
  • Don’t Ignore These 4 Crypto Gains If You Want To Make...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.