Top Whale Acquires 117 Billion SHIB Ahead of Shibarium Beta Launch

BlueWhale0073, which is ranked as the 248th largest holder of Ethereum, has made a huge purchase of SHIB, buying 117.58 billion units in a single transaction. The transaction was worth $1.53 million and took place about 13 hours ago, according to data from Etherscan.io.

Following the significant purchase of 117.58 billion SHIB by the Ethereum investor BlueWhale0073, SHIB has become its third-largest holding in terms of dollar value. The investor currently holds $1.53 million worth of SHIB, which puts it behind only Polygon (MATIC) and Tether (USDT) in terms of dollar value holdings, according to Etherscan.io. As of the time of writing, BlueWhale0073’s wallet contains $3.50 million worth of Polygon and $2.86 million worth of Tether (USDT).

The upcoming launch of Shibarium Beta has caused a surge in investment and interest in Shiba Inu, which is reflected in the current value of tokens held by the top 1000 Ethereum whales. According to WhaleStats, these whales currently hold Shiba Inu tokens worth an impressive $677.33 million.

🐳 The top 1000 #ETH whales are hodling

$677,330,496 $SHIB
$156,549,591 $MATIC
$147,329,556 $LINK
$146,616,720 $BEST
$143,475,860 $CHSB
$115,907,187 $BIT
$83,105,535 $UNI
$75,326,720 $MANA

Whale leaderboard 👇https://t.co/jFn1zIOq03 pic.twitter.com/XijR2bMrxq
— WhaleStats (tracking crypto whales) (@WhaleStats) February 15, 2023

The main developer of Shiba Inu, Shytoshi Kusama, has urged everyone to adopt the core values of Shibarium – burn, protect, grow, and help – in a recent blog post on the project’s official medium page. Kusama also announced the launch of the official “All Things Shibarium” Telegram group and revealed the official logo for the highly anticipated Layer 2 solution.

Shytoshi Kusama has confirmed that Shibarium Beta is fully prepared for release, but has chosen not to disclose the precise launch date. Nonetheless, Kusama has recently given an indication that the launch may happen before May.

Shiba Inu has a 24-hour trading volume of $531,131,651 ($531.13M) and is currently trading at $0.00001314, down -3.87% from the previous day.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

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