While the crypto market is falling, giant investors are not late to evaluate the discounted prices. Whale watching bots show two major altcoin purchases worth over million dollars.
Whales hunt these two altcoins
A pocket-sized Shiba Inu (SHIB) investor is grabbing hundreds of billions of SHIB tokens as crypto prices plummet.
New data from whale research platform WhaleStats reveals that the 254th largest Ethereum (ETH) whale, BlueWhale0073, purchased 117 billion SHIB worth $1.2 million on April 20.
🐋 ETH whale "BlueWhale0073" just bought 194,114,774,578 $shib ($2,069,263 USD).
Ranked #254 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/MuxBFmFFUK#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) April 20, 2023
Later in a separate transaction, the whale purchased 194 billion SHIB worth $2 billion, bringing the total amount of SHIB the whale ingested to 311 billion.
Altcoin whale considers SHIB price drops
Whale made its latest SHIB investments as the price dropped nearly 30% from its 2023 peak. SHIB price peaked on February 4 and climbed as high as $0.000014. However, the whale was able to collect the SHIBs for $0.000011.
New data from Shibburn, a protocol that tracks how many SHIBs have been burned, found that the burn rate in the last 24 hours has increased by 69.51% at the time of writing due to the last 22,375,349 SHIBs burned.
At current prices, only 29% of Shiba Inu owners are green, while 67% are underwater, according to analytics firm IntoTheBlock. In contrast, the crypto analytics platform found that 53% of Dogecoin (DOGE) investors are sitting on unrealized gains and 39% see red.
Whale buys another $12M in Dogecoin drop
Blockchain tracking service Dogecoin Whale Alert initially detected the movement of large DOGE treasures worth millions of dollars.
Dogecoin Whale Alert states that one of the top 20 wallets has transferred 159,347,709 DOGE worth more than $12.42 million to another top 20 wallets.
🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
159,347,709 $DOGE ($12,420,357 USD) was transferred from a #Top20 wallet to a #Top20 wallet.
Fee: 5.44 ($0.42 USD)
Tx: https://t.co/7gYbs6hTui#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
— Ðogecoin Whale Alert (@DogeWhaleAlert) April 21, 2023
According to the blockchain research service, the deep-pocketed Dogecoin investor spent less than $1 to process the transaction. The receiving wallet currently has a balance of 3,606,782,314,509 DOGE worth more than $283.85 million.
Purchases come amid DOGE decline
DOGE is trading at $0.0803 at the time of writing. The ninth-ranked crypto asset by market cap is down more than 17% from its weekly high of $0.094.
DOGE’s price drop first came on Thursday after Elon Musk-owned SpaceX launched a much-publicized test rocket that unexpectedly exploded four minutes after its flight. cryptocoin.comWe have included the details in this article.
Musk is also currently in the midst of a legal battle over allegations that he illegally increased the price of DOGE for two years and then allowed it to crash. But Musk’s lawyers argue that because his tweets about DOGE over the years have been memes or jokes, and Dogecoin is a legitimate asset with a multi-billion dollar market cap, the lawsuit should be dismissed.
