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

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.

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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Featured Image: Shutterstock/Andi syaputra/LongQuattro

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