One of the largest Ethereum (ETH) whales in existence is turning heads, shifting over a quarter of a billion Shiba Inu (SHIB) tokens in one massive transaction.
Blockchain-tracking service Etherscan shows that a crypto whale relocated 258,837,671,569 SHIB worth over $2.64 million to Shiba Inu’s smart contract where the tokens could be burned or used in the crypto project’s ecosystem.
The Ethereum whale paid about $2 in transfer fees to make the multi-million-dollar transaction.
Even after the recent SHIB transaction, Etherscan finds that the large crypto whale still holds an eye-popping 4,925,361,871,313 Shiba Inu worth over $50.23 million.
At time of writing, SHIB is trading for $0.0000102.
On top of the deep-pocketed investor’s large SHIB trove, the whale also owns blockchain scaling solution Polygon (MATIC). According to Etherscan, the large entity holds 11,319,916 MATIC worth more than $11.97 million.
Another altcoin in the crypto whale’s portfolio is decentralized oracle network Chainlink (LINK). The blockchain-tracking site shows that the whale has accumulated 904,734 LINK worth $5.55 million.
The Ethereum whale also owns lending and borrowing protocol Aave (AAVE). According to Etherscan, the whale in question has 40,595 AAVE worth $2.17 million.
Next up is decentralized finance (DeFi) protocol Compound (COMP). Etherscan shows that the whale holds 69,714 COMP worth $2.63 million.
All in all, the large crypto investor owns 111 altcoins worth $76.29 million.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
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/Lemberg Vector studio
