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376 Billion SHIB Bought by Whale as Shiba Is Back on Top 10 Most-Traded Tokens List

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Tue, 05/17/2022 - 09:16
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Yuri Molchan
Whales' interest in Shiba Inu seems to be recovering as the token is back among the most-traded ones
376 Billion SHIB Bought by Whale as Shiba Is Back on Top 10 Most-Traded Tokens List
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The second largest meme token, Shiba Inu, has returned to the list of the most traded coins, according to a recent tweet by WhaleStats crypto tracking platform.

Meanwhile, another large investor on Ethereum chain has acquired nearly 380 billion SHIB.

375.9 billion SHIB pocketed by whale

The owner of the "BlueWhale0073" wallet has purchased a whopping 375,977,961,547 Shiba Inu tokens, paying $4,568,132 for that chunk of meme crypto, as per a recent tweet posted by WhaleStats.

As reported by U.Today previously, on Friday, May 13, the same whale acquired 455,957,607,129 SHIB tokens and then sold them when the price went up.

Likewise, "BlueWhale0073" has gotten rid of the SHIB it acquired earlier today. The remnants of this SHIB stash, along with other small-cap tokens, now constitute 0.9% of his portfolio. USDC, MATIC and LINK still comprise the majority of the whale's crypto riches.

In the early days of May, this whale also bought 77,863,856,441 Shib.

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SHIB is back among top 10 most-traded coins

According to the crypto tracking service mentioned above, Shiba Inu is back on the list of the top 10 assets with the highest trading volume among the largest 500 whales on the Ethereum chain over the past 24 hours.

By now, however, as shown by the main page of the platform's website, Shiba has been pushed out of this top 10 list.

SHIB gets listed by leading exchange in the Middle East

On May 13, Rain, the major trading platform in the Middle East, whose headquarters are located in Bahrain, spread the word that it had added support for Shiba Inu after it took roughly two months. The token's price soared by 25% on that news.

In March, the Twitter account of Rain asked whether the company should list SHIB in a public poll. The community voted for it. However, the most significant listing of the second biggest meme crypto this year has been the addition of SHIB by the popular Robinhood app that trades both traditional stocks and cryptos.

Dogecoin, the original meme token, had been listed by Robinhood before SHIB.

At the time of writing, Shiba Inu is changing hands at $0.00001259.

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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.