Unexpectedly, an Ethereum (ETH) whale has surfaced from the depths of cryptocurrency hibernation to invest a whopping sum in the well-known cryptocurrency Shiba Inu (SHIB). According to Etherscan statistics, the wallet address “0xfb2” made a number of transactions in the last day that resulted in the acquisition of an astounding 606.36 billion SHIB, or a considerable $5.80 million.
The enigmatic investor shoots to the top of the Shiba Inu token purchasers’ list for the duration of this unexpected buying frenzy. The whale’s portfolio of cryptocurrencies currently has an astounding 733.21 billion SHIB, worth $6.97 million. Surprisingly, Shiba Inu has grown quickly to the second position in the investor’s portfolio, only after Ethereum.
With 52,618 ETH, the largest holding in the whale’s portfolio, Ethereum continues to be the top asset with a valuation of $132.92 million. As of right now, the total estimated worth of the investor’s complete portfolio is $182.76 million.
Examining on-chain data, we can see that this Ethereum whale made its first trip into Shiba Inu two years ago. The unknown person purchased around 200 billion SHIB at that point, which helped to initiate what is currently a noteworthy and eye-catching comeback in their Shiba Inu holdings.
The unexpected interest in the Shiba Inu token by big players such as this unknown ETH whale adds excitement to the ongoing evolution of the crypto market, leaving traders and SHIB aficionados curious to watch how things play out in the days ahead.
