BlueWhale0073 Strikes Again: 142 Billion Shiba Inu Purchase Boosts SHIB
The crypto world is buzzing again! BlueWhale0073, the enigmatic Ethereum whale, has made another massive Shiba Inu (SHIB) purchase. Over the weekend, this renowned investor added a staggering 142.6 billion SHIB tokens to their portfolio, further solidifying their position as a major player in the Shiba Inu ecosystem. This significant acquisition occurred on the dip, potentially helping to cushion SHIB against the broader market downturn.
Who is BlueWhale0073?
BlueWhale0073 is an Ethereum wallet address known for its large Shiba Inu holdings and frequent SHIB transactions. As reported by crypto tracking service WhaleStats, the unknown owner, identified by the synonym "BlueWhale0073," has been consistently accumulating SHIB tokens. This latest 142,670,797,289 SHIB purchase only adds to their already substantial holdings.
Massive SHIB Accumulation Continues
This isn\'t an isolated event. BlueWhale0073 has been on a buying spree. The ETH wallet purchased 378 billion SHIB tokens this week alone, showing unwavering faith in the memecoin. On Ma, an Ethereum whale, specifically address BlueWhale0073, purchased over $1 million worth of SHIB tokens in a single transaction. This continuous accumulation demonstrates a strong long-term belief in Shiba Inu\'s potential.
Shiba Inu\'s Price Action
Shiba Inu’s trading price surged by 2.7% in the past week, although Whalestats notes that overall, Shiba Inu has not exactly been impressive in the past week. Nevertheless, Ethereum whales are hardly deterred by the underperformance of the memecoin. The recent purchase by BlueWhale0073 is expected to have a positive impact on SHIB\'s price, potentially triggering further bullish momentum.
Whales and Shiba Inu
A crypto whale - the term used to describe individuals or entities holding significant amounts of cryptocurrency - like BlueWhale0073 can significantly influence the market. Their large buy orders can create upward pressure on the price, encouraging other investors to follow suit. While Shiba Inu\'s performance has been mixed recently, the continued accumulation by whales suggests a potential turnaround in the near future. The owner of the BlueWhale0073 wallet has acquired another astounding sum of the second biggest meme coin by market cap, Shiba Inu.