“BlueWhale0073” continues to buy Shiba Inu this month but he seems to be doing for a quick profit
This whale continues to persistently buy SHIB in order to resell it later, as data from WhaleStats shows.
Since April 10, he has already acquired over 1.2 trillion SHIB tokens, along with a few other ETH investors that have also been purchasing massive chunks of Shiba Inu.
86.6 billion SHIB land in this wallet
WhaleStats reported that over 17 hours ago, the owner of address “BlueWhale0073” gobbled up almost 90 billion SHIB – 86,679,001,529 tokens, paying $2,111,500 for this incredible amount of crypto.
As reported by U.Today earlier, over the past two weeks, this whale had scooped up 1.2 trillion meme tokens. Three days ago, he made an acquisition of 50 billion SHIB.
Also, on Friday, the ETH whale “Bombur” grabbed a chunk of 50,296,290,794 SHIB, after buying a similar amount of SHIB earlier this week.
However, pages of these wallets on WhaleStats show that these investors have been buying SHIB to make a quick buck – the second largest canine coin is the largest incoming asset and the biggest outgoing coin too.
This week, the price of SHIB fluctuated slightly, reaching a low of $0.00002401 on April 18 and then climbing to the $0.0000256 level, which is enough to make a substantial profit by trading huge stacks of tokens .
Whales’ SHIB balance melts
WhaleStats page that shows key data related to the 100 biggest wallets on the Ethereum chain says that the overall supply of Shiba Inu held by ETH whales has been shrinking.
On April 23, it was $1.2 billion worth of SHIB, while the day before it was the equivalent of $1.4 billion worth of Shiba Inu.
However, SHIB continues to hold the position of the biggest crypto asset by the USD value held by the largest Ethereum whales.
