The whale hunter WhaleStats reports that the Ethereum whale named Light has stockpiled 50 billion Shiba Inu (SHIB) worth approximately $1,211,473.

WhaleStats also reports that this whale is the largest Ethereum whale, with $867 million in assets in its wallet, which is thought to be 12.4% of the total crypto market. With its latest purchase, SHIB has become the fourth largest crypto asset among the crypto assets in the wallet of this giant macro investor.

Ethereum (ETH) whales are known to invest in many altcoins. Whales have been making serious investments lately, especially by buying Ripple (XRP) and the famous prank coin Shiba Inu.

WhaleStats reported two days ago that two large Ethereum (ETH) whales, which already have large amounts of Shiba Inu in their portfolio, have received large amounts of SHIB. In total, 105.7 billion SHIB tokens were purchased by these two whales. In the process, Shiba Inu remains the second largest meme token and its value is increasing. While the value of SHIB is increasing, it is thought that whales who take advantage of the opportunity have earned $ 2.5 million through SHIB tokens in this process. Additionally, WhaleStats reports that another anonymous whale, ranked 11th among Ethereum (ETH) whales, bought 55.8 billion SHIB tokens worth $1,373,867.

Ethereum whales are proving that it is one of their favorite altcoins, by purchasing massive amounts of SHIB. WhaleStats also reports that SHIB entered the list of ten whales-chased cryptoassets this month after a long time. This list includes SHIB, FTX Token (FTT), Ethereum (ETH), and several dollar-backed stablecoins.

According to CoinGecko data; The Shiba Inu was priced around $0.000024553993 at the time of writing, while the last 24-hour trading volume was $969,096,504. SHIB price has increased by 0.4% in the last 24 hours. While there is a supply of 550 Trillion SHIB coins in circulation, there is a total supply of 1 Quadrillion coins. Binance is currently the most active market for SHIB trading.