Tsunami of Shiba Inu Tokens Purchased by Ethereum Whales This Week: SHIB Surges!
Are you seeing the massive movement in Shiba Inu (SHIB)? Ethereum whales are making waves! This week has witnessed a veritable tsunami of Shiba Inu token purchases by ETH whales, signaling renewed interest in the popular meme coin.ETH Whales have bought over $7.2 million worth of Shiba Inu tokens in the last 24 hours. This buying frenzy has propelled SHIB back into the spotlight, leaving many wondering what's driving this surge in demand.
Shiba Inu Ranks Among Top 10 Coins Purchased by Whales
This has landed the SHIB token on the list of top 10 coins purchased by the Whalestats, a platform that tracks cryptocurrency whale activity. The renewed interest from these high-value investors suggests a potential shift in sentiment towards Shiba Inu.
Notable Whale Activity: BlueWhale0073 Accumulates Billions of SHIB
Whalestats, a platform that tracks cryptocurrency whale activity, reported that an Ethereum (ETH) whale address called BlueWhales0073 acquired 131.4 billion SHIB, further fueling the SHIB surge. This isn't an isolated incident!
On Ma, an Ethereum whale purchased over $1 million worth of SHIB tokens in a single transaction. In detail, an Ethereum whale address called BlueWhale0073 purchased... demonstrating sustained accumulation.
Another massive buy was detected as The Ethereum whale known by the name ‘Jiraiya’ has purchased $1,079,500 worth of Shiba Inu equal to 49,998,760,270 tokens, according to the platform WhaleStats. This substantial investment underscores the confidence some whales have in SHIB's potential.
Why are Whales Accumulating SHIB Now?
Whales have resumed their Shiba Inu buying spree as the meme coin price declined alongside the global crypto market. According to the WhaleStats report, a top ETH whale picked up... a significant amount of SHIB, suggesting they view the current price as an attractive entry point. Are they anticipating a rebound? Only time will tell, but the actions of these whales are certainly worth watching closely.
Stay tuned for more updates as we continue to monitor the activity of Ethereum whales and the evolving landscape of Shiba Inu!