Whales continues to buy Shiba Inu (SHIB) this month but he seems to be doing for a quick profit

Whales continuously buy Shiba Inu (SHIB) for later sale. Since April 10, the whale “BlueWhale0073” has purchased over 1.2 trillion SHIB tokens, and several other ETH investors have also purchased many meme coins.

86.6B Shiba Inu (SHIB) acquired by whale

Over 17 hours ago, the owner of the address “BlueWhale0073” purchased nearly 90 billion SHIB – 86,679,001,529 tokens, totaling $2,111,500.

This whale has earned 1.2 trillion token memes in the past two weeks. Three days ago, he acquired SHIB worth 50 billion tokens. Besides, the ETH whale ‚ÄúBombur‚ÄĚ won 50,296,290,794 SHIB, having bought a similar amount of SHIB earlier this week.

However, the pages of these wallets on WhaleStats show that these investors bought SHIB for quick money – the second-largest canine coin is the largest incoming asset and also the largest outgoing coin. . This week, the SHIB price fluctuated slightly, reaching a low of $0.00002401 on April 18 and then rallying to $0.0000256, which is enough to make a substantial profit trading massive piles of tokens.

whales-continues-to-buy-shiba-inu-shib-this-month-but-he-seems-to-be-doing-for-a-quick-profit

SHIB/USD 4-hour chart | Source: TradingView

The 100 largest wallets on the Ethereum chain say that the overall supply of Shiba Inu held by ETH whales has shrunk. On April 23, SHIB was worth $1.2 billion, while it was $1.4 billion a day earlier, equivalent to Shiba Inu. However, SHIB is the most prominent crypto asset in USD value held by the enormous Ethereum whale.

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