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Shiba Inu and Ethereum Whales Recently Installed an even deeper relationship. Due to the fact that the famous meme token is available at discounted prices, the whales were busy accumulating. Several whales bought SHIB tokens in huge quantities.
Who buys SHIBA?
The latest of the whales is BlueWhale0073, which bought 86,740,251,500 SHIB tokens worth $1,015,728. According to WhaleStats, this giant whale recently acquired 193,419,098,244 SHIBs.
Keith ETH “BlueWhale0073” just bought $86,740,251,500 ($1,015,728).
Ranked #291 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/a57CD9ASGg #SHIB #ShibArmy
– WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 24, 2022
However, according to observations, this whale uses SHIBA only for speculation, as it always sells purchased meme coins after purchase. And now Sheba and other low-capitalized tokens make up only 0.2% of the portfolio of this Ethereum whale. He bought SHIB on a drop to $0.00001136, and immediately sold when the price rose slightly to $0.0000119.
Also over the past day, there has been a movement of SHIB tokens, the owners of which are whales in the Ethereum blockchain. On May 24, a chart of whale crypto holdings showed that they hold SHIBs worth $ 833,034,530, but the amount fell to $ 544,421,504 – 11.18% (yesterday it was – 15.86%) of their entire crypto portfolio.
Mixed Shiba Inu Bag
SHIB mostly fell in price in May, as did the rest of the crypto market. Over the past week, it fell by 5.51%, while the price at the time of publication was only $ 0.0000116. In fact, there is evidence of a very noticeable decline in SHIBA sales of 40% (at the time of publication).
This can be attributed to a sharp decline in whale transactions over the past 24 hours, according to the data. WhaleStats below. The amount of transfers has also dropped to 190,117 since yesterday, when it was 10,270,613.
In terms of metrics, shib’s MVRV ratio has been very volatile in recent months. After a decline along several trend lines, the SHIB MVRV ratio began to grow.
This indicates more pressure from sellers in the market, with SHIB still stuck in the “oversold” zone.
#Shiba #Inu #Ethereum #Whales