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Shiba Inu Whale with 4 Trillion SHIB Increases Holdings; Here's What Was Bought


u.today 26 March 2022 16:53, UTC
Reading time: ~2 m

According to WhaleStats, Ethereum whale "Sabo," ranked 48th per WhaleStats—who holds four trillion SHIB, or $91,757,200 worth—has expanded his crypto holdings by acquiring 1,024 Maker (MKR), paying more than $2 million for this stablecoin. Another altcoin acquired by mysterious buyer "Sabo" was AAVE—16,706 coins worth $2,746,299.

🐳 ETH whale "Sabo" just bought 1,024 $mkr ($2,047,365 USD).

Ranked #48 on WhaleStats: https://t.co/lhEmoz8hnx

Transaction: https://t.co/86vGLdSQbD#MKR #ERC20 #DEFI #ETH #whalestats #babywhale #BBW

— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 26, 2022

🐋 ETH whale "Sabo" just bought 16,706 $aave ($2,746,299 USD).

Ranked #48 on WhaleStats: https://t.co/lhEmoz8hnx

Transaction: https://t.co/MBGwj4u7bw#AAVE #ERC20 #DEFI #ETH #whalestats #babywhale #BBW

— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 26, 2022

Data shared by WhaleStats, which was tracked on Etherscan, shows that another large Ethereum investor has laid his hands on a staggering sum in Shiba Inu meme cryptocurrency, totaling more than 271 billion tokens.

🐳🐳 An ETH whale just bought 271,370,420,630 $shib ($6,542,740 USD).

Ranked #207 on WhaleStats: https://t.co/b0sIz9fzDz

Transaction: https://t.co/9CwOS2OA4p#SHIB #ShibArmy

— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 25, 2022

The whale ranked 207th on WhaleStats added a total of 271,370,420,630 SHIB to his portfolio, or $6,542,740 worth. In the last few days, AAVE has seen massive whale transactions, as reported by on-chain analytics firm Santiment. Speaking on this, Santiment indicates that seven $1 million dollar transactions were made on March 24, leading to a price increase before the price dipped.

Aave is a decentralized finance protocol that allows users to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Likewise, borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Aave presently ranks 53rd largest cryptocurrency in terms of market capitalization and trades at $164.69, according to CoinMarketCap.

Maker (MKR) is the governance token of MakerDAO and Maker Protocol that allows users to issue and manage the DAI stablecoin. The Maker ecosystem is reportedly one of the earliest projects on the decentralized finance (DeFi) scene. MKR ranks 56th largest cryptocurrency by market capitalization and trades at $1,986 at the time of publication.

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