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356 Billion SHIB Bought by This Whale as Token Rises 6% Among Crypto Massacre

Tue, 06/14/2022 - 09:21
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Yuri Molchan
As market keeps rolling into deep red, this whale has grabbed big SHIB chunk of 6% rise
356 Billion SHIB Bought by This Whale as Token Rises 6% Among Crypto Massacre
Cover image via www.pexels.com

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Ethereum whale "BlueWhale0073" continues to buy massive amounts of Shiba Inu, even now, when the market is seeing the top 10 and other coins' prices bleeding and seeing their market caps melt.

Aside from SHIB, whales have been acquiring great amounts of FTX Token and MATIC.

356 billion Shiba added by this whale

WhaleStats crypto tracking service focused on the largest 100 wallets on various blockchains, including Ethereum, BNB, Polygon, etc., has tweeted that the owner of the "BlueWhale0073" has made a large Shiba Inu acquisition.

A total of 356,078,908,730 Shiba has been added to this crypto address evaluated at slightly more than three million USD. The transaction took place over 14 hours ago.

Earlier this month, whales made at least two more purchases of the second largest meme token SHIB; on June 6, the investor with a wallet called "BlueWhale0159" acquired 187,000,000,000 Shiba Inu and, on June 1, this whale added 130,419,267,297 SHIB to his address.

The former purchase was made for nearly $2 billion, and the latter was evaluated at $1,531,122 at the time of the trade.

Whales load up on FTT and MATIC

As FTT has been spotted as the largest holding of Ethereum whales by USD value, WhaleStats also reported that several staggering lumps of FTX Tokens have been bought by investors on the ETH chain.

These whales hold ETH: "BlueWhale0116," "BlueWhale0079" and "Bonobo." They have acquired 771,779; 6,500,000 and 15,000,000 FTX, respectively. All-in-all, these amounts of FTT were worth a whopping $510.5 million.

Roughly 5.8 million MATIC have also been bought, evaluated at $2.4 million.

Related
Ether Is Likely to Hold $1,000, Says Mike Novogratz

SHIB rises 6% in bleeding market

As the cryptocurrency market remains in deep red, with Bitcoin dropping to $22,500 and Ethereum declining to $1,222, along with the majority of other coins, Shiba Inu has been putting up some growth despite all this.

Over the past 24 hours, the second biggest canine crypto has shown a rise of nearly 6%, according to CoinMarketCap.

Cardano, Solana and a few other coins within the top 20 list have also demonstrated substantial growth.

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Image via CoinMarketCap
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.