Will SHIB be Bullish in the Near Future? Another ETH Whale Bought $47.7 Billion $SHIB, Worth $1.27 Million.

Whales continues purchasing a large amount of SHIB

With the price of all cryptocurrencies plummeting below expectations, major whale traders are taking advantage of the situation to increase their holdings.

Shiba Inu tokens were recently purchased in large quantities by an Ethereum whale. According to Whale Stats, in the early hours of February 21, an Ethereum whale purchased 47,743,646,900 SHIB tokens worth around $1,275,710.

This ETH whale now has $116 million worth of SHIB in his wallet. Aside from the SHIB token, the 15th-place wallet contains $600 million in tokens from Adidas, Twitter, and YouTube.

Adidas Metaverse, which is now valued at around $500 million, is the whale’s largest position. The wallet’s value has risen from $610 million to $1.1 billion in a matter of days, indicating that it is performing well.

The recent purchase is part of the Shiba Inu coin’s ongoing whale-accumulation spree. The Shiba Inu team has been working on plenty of new initiatives to help the cryptocurrency transition from a meme coin to a useful project. Shiberse, its metaverse, now has a brilliant design and a large draw for crypto enthusiasts to invest in the project.

With all of these plans in place, high-net-worth investors are looking for better ways to increase their SHIB holdings in order to profit from the impending surge that will occur once the crypto market stabilizes.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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