The activities of top Ethereum whales over the past days have shown that Shiba Inu is still a favorite whale. These whales appear to not be deterred by low meme coin prices and continue to invest in digital assets in the thousands. A new purchase by an Ethereum whale puts the community on edge. One whale purchased almost $5,000,000 worth of crypto currency, proving that there is still a lot of interest.
Ethereum Whale Hoards SHIB
WhaleStats reports that an Ethereum whale bought a large Shiba Inu. This whale known as “Bluewhale0073” made the purchase on Monday and has bought 193,098,244 SHIB in the transaction. At the time, it had a value totaling $4821,938.
🐳BlueWhale0073, an ETH whale was just purchased 193,419.098,244 $shib ($4,821,938 USD).
Ranked #5 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/dcjl0mldog#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 18, 2022
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The total SHIB amount held by top 1000 Ethereum whales has risen to $1,602,881,412. The token is the most popular among top Ethereum whales. It was included on the list of top 10 most interacted contracts by the whales in the previous day.
The highest dollar holding of the token, FTXToken is currently ahead. The token is 5th among the 10 top-most purchased by top 1000 ETH whales over the past 24 hours.
On Monday, another Ethereum whale, known as “Bombur” had also purchased 50,520,317,707 SHIB for $1,241,789. This is a sign of an accumulation trend between these top whales in regards to Shiba Inu.
🐋ETH whale Bombur was just purchased at 50,520.317.707 $shib ($1,241,789 USD).
Ranked #20 on WhaleStats: https://t.co/3ADbDHvWPW
Transaction: https://t.co/ctZQVa0naq#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 18, 2022
Shiba Inu Charts
The cryptocurrency isn’t performing as well on charts despite the high interest it has received. Shiba Inu’s momentum has waned to $0.00002 as it continues trending at the same level. The digital asset has fallen below its 50-day moving mean. A digital asset like SHIB that thrives off hype can fall below this mark and signal a more downward trend.
Trending in SHIB @ $0.000025 | Source: SHIBUSD on TradingView.com
Its price fell to $0.000023 in a quick dip on Monday, but the Ethereum whales’ activity may have helped it rebound. But, it trades more than 60% lower than its prior all-time peak.
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SHIB’s market cap is $13.7 million at the time this article was written. SHIB is currently the 15th most popular cryptocurrency according to market capital, falling behind Dogecoin.
Featured image by Watcher Guru. Chart from TradingView.com