An Ethereum whale just swooped up 271 trillion Shiba Inu (SHIB) coins worth $6.08 million in a single transaction, causing Shiba Inu's value to rise by 2.5 percent over the past 24 hours.
<h2 class="article__title" data-title="Another 50 Billion SHIB Grabbed by Top ETH Whale, Shiba Inu Ranks Third Largest Held: Details , Category: News ,Author: Tomiwabold Olajide , Date: 16 Mar 2022 , Week: 11" data-url="/another-50-billion-shib-grabbed-by-top-eth-whale-shiba-inu-ranks-third-largest-held-details"><strong>Another 271 Billion SHIB Grabbed by Top ETH Whale</strong></h2>
According to a tweet posted by WhaleStats, a crypto tracker that keeps a close eye on the wallets held by the richest Ethereum whales, someone just bought 271,370,420,624 $SHIB for about $6.08 million over the past nine hours.

https://twitter.com/WhaleStats/status/1504221018172317706

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Other than Shib, the whale's investment portfolio mainly comprises $197 million worth USD Coin (USDC) coins and $18 million worth of Tether (USDT). The total investment portfolio of the <a href="https://etherscan.io/tx/0x0416f4cfd03cf1a4b14f7d988ae60b75594fcc2597842793f2fc1672df9dd346" target="_blank" rel="nofollow noopener">wallet</a> currently amounts to $218,469,791 million.
<h2><strong>Whales are Increasingly Buying SHIB</strong></h2>
According to <a href="https://www.whalestats.com/analysis-of-the-top-100-eth-wallets" target="_blank" rel="nofollow noopener">WhaleStats</a> which analyzes the top ETH whales, Shiba Inu (SHIB) is currently the second largest investment of these top holders just after Ethereum. Infact, these large buyers are actively buying the dog-themed cryptocurrency in recent times as the number of large transactions has risen by 11%, per <a href="https://app.intotheblock.com/?pid=bitcoin_com&amp;utm_source=bitcoin_com_widget" target="_blank" rel="nofollow noopener">IntoTheBlock</a> data.

Just a day earlier, WhaleStats reported that an ETH whale bought 50 billion SHIB worth $1 million. This comes after a massive purchase of 49 billion Shiba Inu, worth $1 million, the prior day.

https://twitter.com/WhaleStats/status/1503821101335515142

Ethereum Whale Buys 271 Billion Shiba Inu Coins Worth $6 Million

An Ethereum whale just swooped up 271 trillion Shiba Inu (SHIB) coins worth $6.08 million in a single transaction.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Ethereum Whale Buys 271 Billion Shiba Inu Coins Worth $6 Million

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