3.37 trillion Shiba Inu tokens were scooped up by the puzzling SHIB Whale in a single transaction. In a single transaction, the New Shiba Inu (SHIB) whale acquired Shiba Inu (SHIB) worth $42.76 million.
According to Etherscan.io data, the mysterious wallet that appeared about a day ago amassed a massive total of 3,370,315,050,342 (3.37T) SHIB and made a significant transaction worth $42,769,297 ($42.76M) in the last 24 hours.
Little information is known about the holder of the wallet in question. It’s unclear who or what amassed such a sizable stock of Shib, whether it was an exchange, organization, or person.
One thing is certain, though: the reason the new giant whale snatched up such enormous Shib tokens was likely because it had inside information about a forthcoming Shib event or price change.
ETH whales scoop up billions of Shiba Inu
According to a recent tweet from WhaleStats, the top Ethereum whales have spent $6 million, or 475,435,816,164 SHIB at the current SHIB/USD exchange rate, on SHIB since Monday.
These whales held more than $147 million in these meme coins on Monday. These wallets contained Shiba Inus valued at $153,202,373, according to a recent WhaleStats report.
After it is released, Merge will have a significant positive impact on SHIB and the Shibarium Layer 2 solution. Shibarium will be introduced on the Ethereum blockchain, where SHIB is currently running.
Many anticipate that SHIB will offer faster transfers and low fees, which could serve as the foundation for widespread adoption.
The merge will happen on September 15. Another significant Ethereum event, the Bellatrix hard fork, which will get the blockchain ready for Merge, happened yesterday. Vitalik Buterin, an Ethereum co-founder, made aware the community of the hard fork and urged everyone to update their clients.
Amidst the merge new, the Ethereum classic has been getting a lot of attention with a visible price spike.