Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
WhaleStats crypto tracker has reported that slightly over two hours ago, a large Ethereum whale purchased 49.65 billion Shiba Inu.
Additional data from Etherscan shows that this ETH token investor bought a similar amount of SHIB more than two weeks ago. At the time of writing, this investor holds 4.4 trillion SHIB.
Whale increases his Shiba Inu stash to 4.4 trillion
WhaleStats has detected a transfer of 49,651,432,412 SHIB, which was likely a purchase. The transaction went to the 0x2ee555c9006a9dc4674f01e0d4dfc58e013708f0 address.
Etherscan shows that this user has frequently been acquiring Shiba Inu over the past few months.
Almost two and a half hours ago, he bought a total of 49,651,432,412 SHIB, worth $1,094,317.
A transaction that occurred 17 days ago shows that he purchased a slightly larger amount of these meme crypto tokens: 55,802,919.
As per data from Etherscan, this investor has been buying lumps of roughly 50 billion and 79 billion SHIB. However, 33 and 35 days ago, he also moved 200 billion and 100 billion Shiba Inu in single transactions from his wallet.
At press time, the total balance of his wallet comprises 4,402,291,309,637 SHIB. This is equal to $97,070,523.
On March 6, U.Today covered that an anonymous Ethereum whale gobbled up roughly 42 billion SHIB worth around $1 million.
SHIB now accepted by major U.S. theater chain
Four days ago, the head of the AMC chain of movie theaters, Adam Aron, took to Twitter to announce that after many months of anticipation from users, his chain has finally started accepting meme tokens Dogecoin and Shiba Inu via BitPay crypto payment service.
It helps merchants, allowing them to expand their online payment options to crypto and converting digital currencies to fiat for them.
Initially, the movie theater chain planned to add these meme tokens to their list of payment options on March 19, but then the expansion to meme cryptos took place a week earlier than intended.
The community took this as a major new milestone in the adoption of Shiba Inu. Prior to that, an Italy-based burger outlet chain, Welly's, partnered with the SHIB dev team. The Welly's team made a full rebrand and made the Shiba Inu dog their new mascot.
Zero impact on the SHIB price
Neither of these significant partnerships had any significant impact on the token's price, though. At press time, SHIB is changing hands at $0.00002198, showing a decline of 2.11% over the past 24 hours, as per CoinMarketCap.