JUST IN: Shiba Inu Whale buys 58.9 Billion tokens worth $1.9 million

Vinod Dsouza
Shiba Inu
Source: Unsplash

A Shiba Inu whale just purchased a whopping 58.9 billion tokens by paying a staggering $1.9 million. The whale that goes by the name of ‘Light’ is well known in the SHIB community and is ranked no 3 by WhaleStats. However, the identity of the mentioned whale remains to be a mystery.

The ‘Light Wallet’ whale has been steadily adding up SHIB to his/her portfolio since August 2021. The whale owns $1.2 billion in SHIB and the meme-token takes the top spot of the portfolio with 34.18% dominance.

Also Read: Shiba Inu Investors can now earn Interest on their SHIB holdings, Here’s How

WhaleStats was the first to dish out the enormous transaction and tweeted, “ETH whale ‘Light’ just bought 58,900,000,000 $shib ($1,906,592 USD). Ranked #3 on WhaleStats,” and posted the link to the transactions.

Apart from Shiba Inu, the ‘Light’ whale also owns Ethereum, Matic, CRO, MANA, ENJ Token among others.

Whale activity in Shiba Inu increased from June 2021 as the top 1000 ETH rich list went on a SHIB buying spree. News about a whale buying tremendous amounts of SHIB was a common occurrence almost every two days.

Also Read: Robinhood to List Shiba Inu By February 2022, Reports Zero Hedge

Light and Gimli whales are the two most popular names in the Shiba Inu whale community. Both the whales have not stopped buying bag loads of the meme-tokens since the last seven months.

Shiba Inu: The Way Forward

Shiba Inu had a spectacular run in 2021 in terms of price, volume, and popularity. The meme-token became the talk of the town and dethroned the biggies Bitcoin and Ethereum in terms of search volumes online. Everyone wanted to be a part of the SHIB frenzy and invested in it hoping it could deliver them the desired financial results.

However, SHIB dipped from the start of 2022 but is now up +15% in the last 24-hours. The spike in price came after Zero Hedge reported that Robinhood would list Shiba Inu in February. Many other outlets jumped on the same bandwagon signaling that a listing is inevitable.

Also Read: 5 Things You Need to Know About Shiba Inu in 2022

Nonetheless, Robinhood has not confirmed getting SHIB on board and remains to be tight-lipped about the development. We will have to wait and watch for an official confirmation from the top exchange platform about getting the meme token on board.

At the time of publishing, Shiba Inu was trading at $0.00003212 and is up +13.78% in the 24-hours day trade. The token is displaying bullish sentiments and if Robinhood confirms listing it, the price could take a giant leap forward.