Crypto Updates

Ethereum Whale Moves 258,837,671,569 Shiba Inu (SHIB) in One Massive Transaction: On-Chain Data

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

One of the largest Ethereum (ETH) whales in existence is turning heads, shifting over a quarter of a billion Shiba Inu (SHIB) tokens in one massive transaction.

Blockchain-tracking service Etherscan shows that a crypto whale relocated 258,837,671,569 SHIB worth over $2.64 million to Shiba Inu’s smart contract where the tokens could be burned or used in the crypto project’s ecosystem.

The Ethereum whale paid about $2 in transfer fees to make the multi-million-dollar transaction.

Even after the recent SHIB transaction, Etherscan finds that the large crypto whale still holds an eye-popping 4,925,361,871,313 Shiba Inu worth over $50.23 million.

At time of writing, SHIB is trading for $0.0000102.

On top of the deep-pocketed investor’s large SHIB trove, the whale also owns blockchain scaling solution Polygon (MATIC). According to Etherscan, the large entity holds 11,319,916 MATIC worth more than $11.97 million.

Another altcoin in the crypto whale’s portfolio is decentralized oracle network Chainlink (LINK). The blockchain-tracking site shows that the whale has accumulated 904,734 LINK worth $5.55 million.

The Ethereum whale also owns lending and borrowing protocol Aave (AAVE). According to Etherscan, the whale in question has 40,595 AAVE worth $2.17 million.

Next up is decentralized finance (DeFi) protocol Compound (COMP). Etherscan shows that the whale holds 69,714 COMP worth $2.63 million.

All in all, the large crypto investor owns 111 altcoins worth $76.29 million.

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Featured Image: Shutterstock/Lemberg Vector studio

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