Whale buys and dumps billions of SHIB tokens in 24 hours

Recently, Ethereum whales have been on a buying spree. They have been re-filling their bags by taking advantage of the market's discounted token prices. Shiba Inu is still one of their favorite tokens among the many that are available.

Around 17 hours back, for instance, the 291st ranked Ethereum whale bought close to 87 billion Shiba Inu tokens worth approximately $1 million. The whale, as such, paid a gas fee of 0.0000000471 Ether (47.087293892999995 Gwei) and a transaction fee of 0.001413513475373967 Ether ($3).

After the purchase, stablecoins like USDT and USDC made up nearly half of the whale's portfolio. Chainlink was one of the few alternates, along with Shiba Inu.

🐳 ETH whale "BlueWhale0073" just bought 86,740,251,500 $shib ($1,015,728 USD).

Ranked #291 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/a57CD9ASGg#SHIB #ShibArmy

— WhaleStats - BabyWhale ($BBW) (@WhaleStats) May 24, 2022

Surprisingly, SHIB had just flipped FTX to become the largest HODLing among the top 500 whales in terms of dollar value the day before.

📰 JUST IN: $SHIB @Shibtoken has flipped #FTX Token for biggest holding by dollars among top 500 #ETH whales

Peep the top 100 whales here: https://t.co/tgYTpOm5ws

(and hodl $BBW to see data for the top 500!)#SHIB #FTX Token #whalestats #babywhale #BBW pic.twitter.com/u2OHdVqu2G

— WhaleStats - BabyWhale ($BBW) (@WhaleStats) May 24, 2022

Shiba Inu had dropped 1.2 percent in the previous 24 hours and was trading at $0.00001164 at press time. This is an excellent opportunity to purchase some fantastic shiba inu coins. :)