Ethereum Whale Initiates Massive $90,000,000 Shiba Inu (SHIB) Transaction As Top Memecoin Bounces

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One of the biggest Ethereum investors in the world has an appetite for leading memecoin Shiba Inu (SHIB), according to data from WhaleStats.

Ethereum whales are defined as entities with at least 1,000 ETH in their wallets.

According to the whale-tracking platform, the 216th-ranked Ethereum whale just bought 3,713,675,424,944 SHIB tokens worth over $89 million at time of transaction. The massive SHIB purchase cost the whale only $6 in transfer fees, according to the transaction record.

The crypto entity joins a pod of other whales who have taken a liking to Shiba Inu, which is currently the eighth most purchased token in the last seven days and is the third most widely held token among Ethereum whales.

At time of writing, Shiba Inu is trading at $0.000024, up nearly 10% from its seven-day low of $0.000022.

ETH whales are also scoping out a new altcoin, according to WhaleStats.

The whale-tracking service spotted the 20th biggest ETH whale in existence scoop up over $4.20 million worth of ApeCoin (APE), a new coin from the creators of the popular Bored Ape Yacht Club non-fungible token (NFT) project.

In addition, WhaleStats recorded the 10th-largest ETH whale in existence gobble 300,000 APE tokens as well worth more than $4.2 million.

The ninth-biggest ETH whale is also accumulating ApeCoin, buying 216,220 APE tokens worth $2.84 million.

Meanwhile, the eighth-wealthiest Ethereum whale bought 84,090 APE tokens worth $1.17 million.

At time of writing, ApeCoin changes hands for $11.01.

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Featured Image: Shutterstock/Tongsai

The post Ethereum Whale Initiates Massive $90,000,000 Shiba Inu (SHIB) Transaction As Top Memecoin Bounces appeared first on The Daily Hodl.

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