Major Ethereum investor has poured nearly $2 million into buying big lump of Shiba Inu (SHIB) on dip

According to WhaleStats, another big purchase of Shiba Inu (SHIB) was made recently. An Ethereum whale bought 187 billion SHIB while the price continued to fall despite multiple adoption cases.

187B Shiba Inu (SHIB) grabbed by “BlueWhale0159” whale as the price keeps falling

Whale “BlueWhale0159” purchased 187,000,000,000 Shiba Inu coins, paying a total of $1,985,940 for them. This whale holds most of its portfolio in stablecoin USDC – 95.38% of it. The overall value of his crypto investments on the Ethereum chain includes $241,709,014.

According to this investor’s wallet page, he sold the second largest meme cryptocurrency in bulk. WhaleStats shows that Shiba Inu is currently on the list of top 10 most bought coins and top 10 most sold cryptocurrencies.

On June 1, another top Ethereum whale, “BlueWhale0073,” bought back 130,419,267,297 SHIBs worth $1,531,122 that day.

According to the WhaleStats website, major ETH investors have sold their tokens. The data provided shows that the overall SHIB balance of Ethereum whales currently accounts for less than $500 million – $495,453,149 in total, or 11.13% of their portfolio.

SHIB Is Here Second to FTX Token (19.87%) and third to USDC stablecoin, which has become quite popular recently after Terra’s stablecoin UST lost its dollar rate. USDT’s rate shows short volatility dips below the $1.99 level.

At the time of this writing, the Shiba Inu is changing hands at $0.00001068, according to data provided by CoinMarketCap.

Consumers in 179 countries can now use SHIB, Dogecoin, BTC, LTC, and other digital currencies to buy goods and services from merchants following the exchange. Recently announced partnership of BitPay and non-bank wallet Edge. The latter boasts a user base of over 1.7 million accounts. After BitPay and Edge join forces, payments in SHIB and other cryptocurrencies are now available to more than 200 million users around the world.

45,000 Tokens to be given away to new users by Binance

Binance has announced the promotional offer “Binance learn and stake” for new users, allowing them to earn free Shiba Inu (SHIB) tokens. A total of 45,000 SHIB are up for grabs after new users complete an online course and quiz. The SHIB rewards will be automatically staked for 150 days, where users can enjoy 100% APY.

As stated in an official blog post, all new users who signed up for a Binance account before 7:00 AM (UTC) on June 9 and completed KYC are eligible for the giveaway until the token supply is exhausted.

In March, Binance announced a $100,000 giveaway for new Shiba Inu users. Binance originally listed Shiba Inu in May 2021, becoming one of the first major exchange platforms to accept the crypto meme. Shiba Inu then went live in September of the same year on Binance.US, a subsidiary of the US-based company.

The leading crypto exchange continues to expand support for the crypto meme with Binance Custody, the crypto exchange’s custodian arm, listing Shiba Inu. Binance added a new SHIB trading pair, SHIB/GBP, in early May.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like