Major Ethereum investor has poured nearly $2 million into buying big lump of Shiba Inu on dip
Crypto tracking service WhaleStats is spreading the word about another massive Shiba Inu purchase made recently. An Ethereum whale bought 187 billion coins even as SHIB price continues to decline despite many adoption cases.
187 billion SHIB purchased amid price fall
Whale “BlueWhale0159” has purchased 187,000,000,000 Shiba Inu coins, paying a total of $1,985,940 for them.
This whale holds the majority of its portfolio in the USDC stablecoin – 95.38% of it. The aggregate value of his crypto investments on the Ethereum chain includes $241,709,014.
According to the page of this investor’s wallet, he has already sold this large amount of the second largest meme cryptocurrency. WhaleStats shows that Shiba Inu is currently both on the list of the top 10 bought coins and is also included in the list of the top 10 sold cryptocurrencies.
As reported by U.Today, on June 1, another top Ethereum whale, “BlueWhale0073”, acquired 130,419,267,297 SHIBs worth $1,531,122 that day.
Whales’ balances of SHIB drop below $500 million
As per the WhaleStats website, major ETH investors have been selling their Shib tokens. The data provided shows that the overall SHIB balance of Ethereum whales now constitutes less than $500 million – a total of $495,453,149, or 11.13% of their portfolio.
SHIB here comes second to the FTX token (19.87%) and third to the USDC stablecoin, which became very popular recently after Terra’s UST stablecoin lost its dollar peg and the USDT peg fell. demonstrated brief volatility falling below the $1 level to $0.99.
At the time of this writing, Shiba Inu is changing hands at $0.00001068, per data provided by CoinMarketCap.
Newly integrated SHIB payments in 180 countries
As reported by U.Today, consumers in 179 countries can now use SHIB, Dogecoin, BTC, LTC and other digital currencies to purchase goods and services from merchants after the recently announced collaboration of BitPay and the non-custodial wallet. edge.
The latter boasts a user base of more than 1.7 million accounts. After BitPay and Edge have joined forces, payments in SHIB and other cryptos are now available to more than 200 million users around the world.
