BlueWhale0073 is an Ethereum investor who continues to buy 219 billion meme tokens from Shiba Inu. Also, the whale purchased 50 billion SHIBOn April 20th. This week’s acquisition of canine cryptocurrency was almost five times more than last week.
WhaleStats has confirmed that an impressive amount of SHIB (219,332,229,787) equivalent to $5,454,792 was sent to the whale’s wallet. HE had previously added 86 billion SHIB worth $2,111,500 To his wallet April 23.
Related Reading| Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter
The owner of the “BlueWhale0073” wallet is one of the biggest buyers of SHIB. Between April 10, and April 23, the whale purchased more than 2 trillion Shiba Inu.
However, the transaction page shows that the whale has already sold most of his SHIB tokens, leaving him with less than one billion Shiba Inu — 906808367.54 worth $22,010. The wallet page shows that 90% of the inflowing and outgoing crypto comes from SHIB.
BlueWhale0073 may not be the only Ethereum whale that is investing in Shiba Inu. Other whales also have recently been purchasing the meme coin. For example, on April 25th, whale “Bombur” acquired 52 billion SHIB worth $1,178,967.
SHIB has also been increased to 10% after Dogecoin
Following a huge surge in Dogecoin, the Shiba Inu rose by 10.09% Monday. DOGE had skyrocketed after reports that Twitter had accepted Elon Musk’s bid to buy the social media giant.
The news of Elon Musk’s purchase on Twitter saw Dogecoin spike over 13% in minutes. The billionaire confirmed the purchase, and money began to flow into Dogecoin.
Dogecoin continues to increase in price, rising by around 32% over the past 24 hour. The current price of the coin is $0.164.
Dogecoin maintained most of its gains, but SHIB has already lost a portion of yesterday’s profit. Shiba Inu trades at $0.00002413.
TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle| TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle
Shiba Inu Creates New Burn Mechanism To Get Reward
Creators of SHIB coins have published a burning mechanismThis allows token owners to both burn and earn passive income.
The Shiba Inu burning portal is available for investors who wish to dispose of their SHIB tokens. The tokens will then be sent to a burning address where they will remain forever.
This creates an opportunity to decrease the number of tokens that are in circulation and makes them more scarce and valuable.
Pixabay's featured image, and Tradingview's chart.