Giant Whale Runs To This Altcoin By Selling Ripple!

A Ripple (XRP) whale has sold over $40 million in Ripple (XRP) to amass trillions of Shiba Inu (SHIB). Thus, Shiba Inu (SHIB) started to form 21 percent of its portfolio. The amount of XRPs, on the other hand, has dropped to 5 percent. Here are the details…

Massive SHIB transactions: Trillions skyrocketed

cryptocoin.com As we have reported, the release date of the Shibarium Layer-2 solution is approaching. As this date approaches, Shiba Inu whales get more interesting. A giant cryptocurrency whale recently added 20 trillion SHIB to its wallet in one transaction, according to on-chain data. Etherscan.io data shows that the mega cryptocurrency whale has made record transactions in the past 24 hours. According to the data, the 20 trillion SHIB accumulated by the whale is equivalent to 210.10 million dollars. In total, the whale holds around 48.7 trillion SHIB.

Shiba Inu gained momentum these days with the announcement of Unification XFUND, a blockchain service provider directly involved in the development of the Shibarium Layer-2 solution. Recently, Unification confirmed on its Medium that it plans to deploy the Shibarium Public Beta TestNet in the third quarter with the FUND TestNet upgrade, which includes the much anticipated IBC/Gravity/wFUND updates.

The whale in question became active for the first time on May 31, 2022, when rumors about the potential launch of the Shibarium Layer-2 solution began to circulate on all social media platforms. At that time, the whale performed a gigantic operation. He added 25.73 trillion SHIB, worth $303.98 million, to his bag. The Etherscan.io data also states that the whale purchased all these tokens from one of the wallets labeled “Binance 8” associated with Binance.

Ripple whale is now SHIB whale

As Etherscan.io reported, the mega cryptocurrency wallet has now outstripped the whale wallet “Light” in terms of SHIB assets. Now the largest owner of the Shiba Inu token is the whale that performed the above transactions. The largest whale wallet currently holds a total of 48.73 trillion SHIB, valued at $516.56 million. On the other hand, “Light” currently holds 32.97 trillion SHIBs worth $349.49 million. So there’s a difference of almost 16 trillion SHIB.

Both whale wallets now hold 8.1704 percent of the Shiba Inu’s total circulating supply. According to data provided by CoinMarketCap, the current circulating supply of Shiba Inu currently stands at 549,063 trillion. On the other hand, deep-pocketed Ethereum investors are also showing interest in the Shiba Inu. According to WhaleStats, SHIB has become the most purchased token among the top 1000 ETH whales in the last 24 hours.