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The World's Largest Ethereum Whale Purchases 50 Billion Shiba Inu Tokens

By CJ - Cryptocurrency Enthusiast – 09-07-2022

  • 'Light,' an ETH billionaire, has amassed almost 49 billion SHIB tokens
  • The cost of the acquisition is expected to be $1,211,473 crypto market investment
  • According to experts, this might propel SHIB into a bull market

'Light,' the world's largest Ethereum whale, bought 49,998,916,299 SHIB in a single day. Experts suggest that the acquisition is part of ETH whales' largest and most notable SHIB token collection.

The whale's purchase was found after WhaleStats, an on-chain analyzer of the top 1000 ETH wallets, tweeted about it. Aside from being part of the largest quantity of SHIB purchased by whales, the transaction also ranks #1 in WhaleStats' transaction tracking data. The value of the specified 49,998,916,299 SHIB is around $1,211,473. Indeed, the whale's acquisition appears to be generating altcoin talk and speculation that SHIB and its broader market might reach a new, previously unseen high.

Many of WhaleStats' 172.5K Twitter followers expressed their enthusiasm for Shiba Inu after hearing the news. Furthermore, they were eager to respond to how SHIB has shook Twitter and the mainstream media since its inception. SHIB's fans are anticipating and hoping for greater achievements from the group.

The majority of Internet users believe that the purchase would propel SHIB and its performance to new heights. Meanwhile, no substantial price rise for Shiba Inu has shifted to a positive mode as a result of the acquisition. The price of SHIB is $0.00002397 at the time of writing. On the coin and token statistics website CoinMarketCap, it is the 14th biggest cryptocurrency, with a market value of about $13.1 billion.

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