This Shiba Inu whale has purchased a massive amount of SHIB, extending his bet on this meme token to over 4.4 trillion SHIB
Crypto tracker WhaleStats reported that just over two hours ago, a large Ethereum whale bought 49.65 billion Shiba Inu.
Additional data from Etherscan shows that this ETH token investor bought a similar amount of SHIB more than two weeks ago. At the time of writing, this investor holds 4.4 trillion SHIB.
Whale increases its Shiba Inu stash to 4.4 trillion
WhaleStats detected a transfer of 49,651,432,412 SHIB, which was likely a purchase. The transaction went to address 0x2ee555c9006a9dc4674f01e0d4dfc58e013708f0.
Etherscan shows that this user has frequently been acquiring Shiba Inu over the past few months.
Almost two and a half hours ago, he bought a total of 49,651,432,412 SHIBs, worth $1,094,317.
A transaction that occurred 17 days ago shows that he purchased a slightly larger amount of these meme crypto tokens: 55,802,919.
According to data from Etherscan, this investor bought blocks of around 50 billion and 79 billion SHIB. However, 33 and 35 days ago, he also moved 200 billion and 100 billion Shiba Inu in single transactions from his wallet.
At press time, the total balance of his wallet comprises 4,402,291,309,637 SHIB. This is equal to $97,070,523.
On March 6, U.Today covered that an anonymous Ethereum whale gobbled up around 42 billion SHIB worth around $1 million.
SHIB now accepted by major U.S. theater chain
Four days ago, the head of the AMC chain of movie theaters, Adam Aron, took to Twitter to announce that after many months of anticipation from users, his chain has finally started accepting meme tokens Dogecoin and Shiba Inu via BitPay crypto payment service.
It helps merchants, allowing them to extend their online payment options to crypto and convert digital currencies to fiat for them.
Initially, the movie theater chain planned to add these meme tokens to their list of payment options on March 19, but then the expansion to meme cryptos took place a week earlier than intended.
The community took this as another major step in Shiba Inu adoption. Previously, Welly’s, an Italy-based burger chain, partnered with the SHIB development team. The Welly’s team did a complete rebranding and made the dog Shiba Inu their new mascot.
Zero impact on the SHIB price
Neither of these significant partnerships had any significant impact on the token’s price, though. At press time, SHIB is changing hands at $0.00002198, showing a decline of 2.11% over the past 24 hours, as per CoinMarketCap.
