The falling value of Shiba Inu (SHIB) has attracted major Ethereum investors to add to their investments in this famous canine-based cryptocurrency.
Prominent investors in Ethereum (ETH) consider the current trading price of Shiba Inu (SHIB), approximately $0.00001034, as an advantageous opportunity, and thus have been steadily increasing their SHIB holdings without any sign of stopping.
WhaleStats reports that BlueWhale0073 has taken the chance to purchase a great deal of Shiba Inu when the price was low. This included 215,815,570,539 (215.81B) SHIB coins worth $2,209,951 ($2.20M) from an unknown source to BlueWhale0073’s wallet for which a nominal charge of $33.46 was paid to complete the transaction.
BlueWhale0073 is currently in 254th place on WhaleStats’ list of top Ethereum addresses, and it has been buying up SHIB since March 3rd, 2023. During the last ten days, this address has obtained more than 674 billion SHIB. The owner of the address does not hold onto their SHIB for long and only purchases when the cost is low, then selling when it rises in value.
At present, BlueWhale0073 has a total of 2.24 billion SHIB in possession, estimated at $23,141.
In the last month, Shiba Inu’s market performance has been far from ideal, with its value going down by 25% since the time of reporting. The situation has not improved in the last two weeks, when a 17.7% decrease was recorded, followed by a 9.2% decrease in the past week alone. Nevertheless, SHIB’s price has gone up slightly to $0.00001034 at this moment, representing a 2.7% growth over the same period of time and with an impressive 24-hour trading volume of $430 million dollars ($430M).
