Fifth-Largest Ethereum Whale Initiates Massive 223,761,580,609 Shiba Inu Transfer As Dogecoin Rival Becomes Most-Accumulated Altcoin

One of the biggest Ethereum whales in existence just bought a large bag of Dogecoin competitor Shiba Inu as SHIB becomes the most widely held altcoin among the largest ETH investors.

First spotted by blockchain tracking service WhaleStats, the entity known as BlueWhale0073 scooped up over 220 billion SHIB worth over $5,781,999.

The whale’s wallet is now worth over $4,657,849,480 at time of writing.

For many months, FTT, the native token on crypto exchange FTX, has been the number one holding among Ethereum whales, excluding ETH itself. At time of writing, however, Shiba Inu has claimed the number one spot, with Ethereum whales holding an average allocation of 15% of SHIB.

Other recent whale transactions include the utility and governance token MKR of the decentralized lending platform Maker, GRT, the token that powers indexing protocol The Graph, as well as the tokens for decentralized exchange Uniswap (UNI) and metaverse platform Decentraland (MANA).

• 1,799 MKR worth $3,548,566 by Tom Riddle
• 6,000,000 GRT worth $2,210,106 by Bluewhale0088
• 200,000 UNI worth $1,950,002 by Bluewhale0088
• 4,300,000 MANA worth $9,202,000 by Bluewhale 0079

Featured Image: Shutterstock/Timofeev Vladimir