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The whale adds 20 Trillion Shiba Inu (SHIB).
The XRP Whale has adjusted over $40 million worth of Ripple (XRP) to accumulate trillions of Shiba Inu (SHIB) making shib 21% of her entire portfolio while decreasing XRP to 5%.
As the launch of the Shibarium Layer-2 solution comes near, whales are becoming more interesting in Shiba Inu. According to on-chain data, the Mega Crypto whale has recently added 20 trillion SHIB in one hulk transaction.
Etherscan.io data shows that the Mega Crypto Whale has accumulated a whopping 20,000,000,024,240 (20T) SHIB, worth $210,105,912 ($210.10M) in one record-breaking transaction in the last 24 hours. In total the whale holds 48.7T shib.
Shiba Inu began gathering a lot of traction these days as Unification XFUND, a blockchain service provider company that is directly involved in the development of Shibarium Layer-2 solution confirmed via a recently published official medium blog post that they plan to deploy Shibarium Public Beta TestNet in Q3, along with the FUND TestNet upgrade incorporating the much anticipated IBC/Gravity/wFUND updates.
The whale became active for the first time on May 31st, 2022 when rumors regarding the potential launch of the Shibarium Layer-2 solution began taking rounds all across social media platforms. At that time, the whale gobbled up a record 25,732,607,947,509 (25.73T) SHIB, worth $303,989,233 ($303.98M) in one gigantic transaction.
Etherscan.io data further states that the whale has purchased all these tokens from one of the wallets associated with Binance, labeled “Binance 8”.
The Mega Crypto Wallet has now surpassed the Whale Wallet tagged “Light” in terms of SHIB holdings and now becomes the biggest (SHIB Whale) holder of the Shiba Inu token, Etherscan.io reports.
The Mega Crypto Wallet now holds a hulk total of 48,732,607,971,750 (48.73T) SHIB, worth $516,565,644 ($516.56M), whereas, the “Light” now has 32,971,011,996,001 (32.97T) SHIB, worth $349,492,727 ($349.49M) in hands.
Both Whale Wallets combined now hold 8.1704% of the total circulating supply of Shiba Inu. The current circulating supply of Shiba Inu now stands at 549.063 trillion, as per data provided by CoinMarketCap.
On the other hand, the deep-pocketed Ethereum investors are also taking interest in Shiba Inu. As per WhaleStats, SHIB now become the top purchased token among the 1000 biggest ETH whales in the last 24 hours.
JUST IN: $SHIB @Shibtoken is back on top 10 purchased tokens among 1000 biggest #ETH whales in the last 24hrs 🐳
Peep the top 100 whales here: https://t.co/jFn1zIOq03
(and hodl $BBW to see data for the top 1000!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/2o5A0yhHy4
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) July 5, 2022
Impact on Price of Shiba Inu:
Following the massive accumulation from SHIB Whale and as Ethereum Whales began taking interest in the most popular canine-themed cryptocurrency, the price of Shiba Inu surges more than 6% over the last day. At the time of writing, Shiba Inu is seen trading at the price of $0.00001061, with a 24-hour trading volume of $382,464,896 ($382.46M).