Close to 87 billion meme tokens have landed in the wallet of this major Ethereum whale, who prefers LINK and USD stablecoins
The WhaleStats platform, which tracks data for the top 100 wallets on Ethereum, BSC, and other chains, has announced that another impressive amount of Shiba Inu has been added by a major ETH investor to its crypto stash. .
While this whale has bought nearly 90 billion SHIB, overall, Shiba Inu holdings of the top 100 ETH investors have been diminishing.
86.7 billion Shiba caught by this whale
According to the aforementioned data platform, the owner of the wallet nicknamed “BlueWhale0073” purchased a total of 86,740,251,500 Shiba Inu meme coins. This amount of SHIB cost him $1,015,728.
However, this whale uses SHIB as a purely speculative asset as he always sells the acquired Shiba tokens after purchasing them. At the moment, SHIB and other small cap tokens constitute merely 0.2% of this investor’s portfolio.
The whale bought the SHIB on the low of $0.00001136 and sold it when the price briefly hit the high of $0.0000119. At present, it is back down. These small fluctuations are able to bring whales sufficient profit with large volumes of SHIB.
At the time of writing, the wallet “BlueWhale0073” contains mostly USDT (62.74% of the portfolio), USDC (19.9%) and LINK (14.09%).
Whale SHIB balance dives
Another data from WhaleStats showed that over the past 24 hours, the amount of Shiba Inu held by major Ethereum blockchain wallets has decreased.
On May 24, the chart of the whales’ crypto holdings showed that they held $833,034,530 worth of Shiba. By now, this sum has decreased to the $544,104,532 equivalent of Shiba. This is now 11.34% of their comprised crypto portfolio, as opposed to 15.86% yesterday.
