Ninth-Largest Ethereum Whale Gobbles Billions of Shiba Inu As SHIB Nails New Milestone, According to WhaleStats

The ninth-largest Ethereum whale in existence just acquired millions of dollars worth of the popular memecoin Shiba Inu (SHIB).

The Ethereum wallet “Tsunade” received 72,266,047,517.25 Shib Inu worth more than $2.57 million from an unknown Ethereum address on Saturday, according to the whale-monitoring website WhaleStats.

The huge wallet now holds a total of 1,831,517,309,563.27 SHIB worth more than $69.1 million at time of writing, according to Etherscan. The address holds 347 crypto assets worth more than $286.11 million

WhaleStats notes on Twitter that the number of holders in possession of Shiba Inu has reached a new milestone this weekend.

“New record: SHIB reaches an astonishing 1,035,000+ holders.

Current holder count: 1,035,561.”

The crypto tracker also says that the 1,000 wealthiest non-exchange Ethereum addresses purchased an average of $1.03 million worth of Shiba Inu in the past 30 days.

Those top 1,000 Ethereum wallets now hold more than $1.77 billion worth of SHIB, according to WhaleStats.

SHIB is trading at $0.000038 at time of writing, up 5.55% in the past 24 hours.

The Ethereum-based meme token and 13th-largest crypto asset by market cap is down over 35% from its 30-day high of $0.000059, and nearly 56% from its all-time high of $0.000086, hit in late October.

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Featured Image: Shutterstock/DM7/Sean sinclair/karnoff