One of the world's largest Ethereum whales has purchased 86.81 billion Shiba Inu (SHIB) tokens. The value of the SHIB tokens purchased by the whale was around $2.30 million at the time of this writing.
The WhaleStats account, which tracks whale movements, revealed that “Tsunade,” the third largest whale on the Ethereum network, made a large purchase.
According to WhaleStats data, Tsunade paid $2.3 million to purchase 86.8 billion SHIB tokens. Whale purchased Shiba Inu tokens for an average of $0.0000261, which corresponds to a total of $46.84 million.
Included in American Born Doge in His Portfolio
When we look at the other coins in the whale's wallet, we see that Shiba Inu is the 24th most held cryptocurrency.
The coin in the whale's hands was surprisingly recorded as the American Born Doge. The whale has a total of 1.8 billion worth of American Born Doges.
Besides Shiba Inu, Tsunade also has Tether (USDT) worth $70.59 million at the time of this writing. Having such a large amount of stablecoins in the hands of a whale is usually interpreted as buying an altcoin.
SHIB Price and Market Data
According to CoinGecko data; Shiba Inu price seems to be $0.00002588 at the time of writing. SHIB's last 24-hour trading volume is $970,532,407. SHIB price is down -2.8% in the last 24 hours. There is a supply of 550 Trillion SHIB coins in circulation, with a total supply of 1 Quadrillion coins. Binance is currently the most active market where Shiba Inu (SHIB) is traded.
What is a Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a meme token that started as a fun cryptocurrency and has now evolved into a decentralized ecosystem. During the initial launch, 50% of the supply was transferred to Vitalik Buterin's ethereum wallet. As a result, Vitalik donated 10% of SHIB assets to a COVID-19 relief project in India and the remaining 40% of the balance was burned forever. This donation was worth nearly $1 billion at the time, making it one of the largest ever in the world. What is the Shiba Inu community currently working on? The Shiba Inu team has launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a limited supply token used to offer incentives on Shibaswap. BONE is the governance token that token holders use to vote on proposals in the Doggy DAO.