Massive Ethereum Whale Loads Up on Shiba Inu, Accumulates Over $228,000,000 in SHIB: WhaleStats

Massive Ethereum Whale Loads Up on Shiba Inu, Accumulates Over $228,000,000 in SHIB: WhaleStats


One of the largest Ethereum (ETH) whales in existence is filling its bags full of Dogecoin (DOGE) rival Shiba Inu (SHIB) in a big way.

According to blockchain tracking service WhaleStats, the large Ethereum whale has accumulated over $228 million worth of SHIB, currently holding more than 18 trillion tokens.

At time of writing, the whale, whose identity is as of yet unknown, has allocated 75% of his entire portfolio, excluding the ETH portion, to SHIB.

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CoinMarketCap reveals that the whale in question is the sixth-largest holder of SHIB, owning 1.88% of the meme coin’s total supply.

Other notable token holdings in the deep-pocketed investor’s wallet are Ethereum scaling solution Polygon (MATIC) and decentralized oracle service Chainlink (LINK).

Based on WhaleStats’ data, it appears that

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