“BlueWhales0073″ amassed 131.4 billion Shiba Inu coins.

Its 24-hour trading volume fell by 55 percent, to $130.4 million.

The market capitalization of all meme tokens suffered serious damage as the prices of Bitcoin (BTC) and Ethereum (ETH) fell by almost 3 percent over the previous week. Yet the crypto whales were quick to purchase the drop, adding a combined total of billions of Shiba Inu Coins to their holdings.

According to the statistics given by Whalestats, an Ethereum (ETH) whale address with the name “BlueWhales0073” amassed 131.4 billion Shiba Inu coins (about worth $1.48 million) in a single sweep.

This large number of purchases occurred when the price of Shiba Inu dropped by 10% over the course of a week. At the time of writing, the average price for SHIB was $0.00001131. Its 24-hour trading volume fell by 55 percent, to $130.4 million.

Community Excited Over Shibarium Launch

If we go further, we find that among the top 100 ETH holders, Shiba Inu has the highest monetary worth of all tokens owned. They have a total of SHIB tokens worth $601 million. In fact, it accounts for 11.94 percent of their overall assets.

The Shiba Inu coin has entered the top 10 most-bought tokens list, which tracks the activity of the largest cryptocurrency buyers over the last 24 hours. However, its burn rate has decreased by around 4% during the course of 24 hours. The dead wallet received around 31.5 million SHIB tokens.

On the other hand, there has been a deluge of interest in a new portal created to serve as a center for developers, entrepreneurs, and community members interested in participating in the Shiba Inu (SHIB) ecosystem. Shiba Inu’s layer-2 blockchain has a new application and contact page called “Join Shibarium,” which went live on Sunday.

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Filed under: Bitcoin - @ March 4, 2023 6:17 pm