Mysterious Ethereum whale Bombur exploits recent bottoms to add 53.78 billion SHIB tokens from altcoin project Shiba Inu
Giant whale accumulation continues in altcoin project
An Ethereum whale using the nickname ‘Bombur’ has once again taken advantage of the recent market plunge to support the Shiba Inu (SHIB) holding. WhaleStats, a cryptocurrency data platform that tracks the activities of the 5,000 largest whales in the market, noted that Bombur had purchased more than 53.78 billion SHIBs worth approximately $1.07 million at the time of the acquisition.
In the transaction that took place a few hours ago, the Ethereum whale paid a small fee of $ 8 to complete the transaction. After the last acquisition, Bombur currently owns 1.06 trillion SHIB, valued at approximately $21.3 million at the time of writing. “ETH whale “Bombur” just bought 53,788,394,748 SHIB ($1,076,305),” WhaleStats tweeted.
🐳 ETH whale "Bombur" just bought 53,788,394,748 $shib ($1,076,305 USD).
Ranked #74 on WhaleStats: https://t.co/3ADbDHvWPW
Transaction: https://t.co/vjqs4C2a60#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) May 6, 2022
Bombur’s SHIB hoarding spree
The latest development marks Bombur’s determination to accumulate the second largest meme coin by market cap. Bombur didn’t hesitate to increase his position with the Shiba Inu as it gradually became a weekly routine for him. It’s worth noting that
Bombur is ranked as the 74th largest Ethereum whale, consistently buying the Shiba Inu at will. Towards the end of last month, Bombur purchased 50.8 billion SHIB, 207 billion SHIB and 50.9 billion Shiba Inu at different intervals. The Ethereum whale usually starts a saving spree for the 15th largest cryptocurrency by market cap when there is a price drop.
Whales are bottom fishing in SHIB
Cryptocurrency market increased by 8% of the total market valuation yesterday, as we mentioned in the news on cryptokoin.com . It experienced a major rectification that saw more than one of them evaporate. Cryptocurrencies in the top 100, including
Shiba Inu, were also not protected from this decline. The Shiba Inu dropped to $0.00001966 earlier today as a result of the drop, causing whales to take advantage of the massive correction. The altcoin price was at $0.00001997 at press time.
