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The Daily Hodl
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Large Ethereum Whale Pounces on Shiba Inu (SHIB) and One Metaverse Token, Buys Over $212,000,000 Worth of Crypto

by Daily Hodl Staff
December 22, 2021
in Altcoins, Ethereum

Large Ethereum (ETH) whales are gobbling up Shiba Inu (SHIB), according to the crypto tracker WhaleStats.

The whale-watching platform reports that the popular Ethereum-based memecoin is the most traded and “biggest hodling” token among the top 1,000 ETH wallets.

Shiba Inu is the 13th-largest crypto asset by market cap and currently trading at $0.000033, up more than 5% in the past 24 hours.

One whale wallet, the 79th-richest Ethereum address, recently purchased 4 trillion SHIB worth more than $136 million.

Looks like whales are really hungry for #SHIB ??

? An ETH whale added 4T $SHIB ($136M) in the past 24hrs ? https://t.co/DCjI0wd9vF

? $SHIB is most traded and biggest hodling token among the top 1000 ETH wallets#ShibArmy RT if u always think $SHIB is the King ? pic.twitter.com/hOsa99etTl

— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 21, 2021

On Monday, the same wallet also purchased more than $76 million worth of MANA, the native token for Decentraland, a virtual reality platform where content creators and developers can monetize their content and applications and users can experience it.

The whale also owns more than $36 million worth of the Gala (GALA) token. Gala is a gaming platform where the players are part owners and operators. It allows players to own their in-game items and determine the direction of the game’s development.

Additionally, the whale also holds more than $28 million worth of ENJ, the native token for Enjin, an interconnected, blockchain-based gaming platform that possesses smart-contract capabilities.

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