The ninth-largest Ethereum whale in existence just acquired millions of dollars worth of the popular memecoin Shiba Inu (SHIB).
The Ethereum wallet “Tsunade” received 72,266,047,517.25 Shib Inu worth more than $2.57 million from an unknown Ethereum address on Saturday, according to the whale-monitoring website WhaleStats.
The huge wallet now holds a total of 1,831,517,309,563.27 SHIB worth more than $69.1 million at time of writing, according to Etherscan. The address holds 347 crypto assets worth more than $286.11 million
WhaleStats notes on Twitter that the number of holders in possession of Shiba Inu has reached a new milestone this weekend.
“New record: SHIB reaches an astonishing 1,035,000+ holders.
Current holder count: 1,035,561.”
The crypto tracker also says that the 1,000 wealthiest non-exchange Ethereum addresses purchased an average of $1.03 million worth of Shiba Inu in the past 30 days.
Those top 1,000 Ethereum wallets now hold more than $1.77 billion worth of SHIB, according to WhaleStats.
SHIB is trading at $0.000038 at time of writing, up 5.55% in the past 24 hours.
The Ethereum-based meme token and 13th-largest crypto asset by market cap is down over 35% from its 30-day high of $0.000059, and nearly 56% from its all-time high of $0.000086, hit in late October.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/DM7/Sean sinclair/karnoff