Shiba Inu Whale Buys $1.88 Million Worth of $SHIB, Expands Portfolio to Almost 5 Trillion $SHIB

A massive Shiba Inu whale has expanded its $SHIB holdings to almost 5 trillion tokens after purchasing an additional 171.68 billion SHIB for approximately $1.88 million through four different transactions.

The whale has been accumulating the meme-inspired cryptocurrency through various transactions, some from wallets associated with leading exchange Binance and others from unmarked wallets.

The investor’s wallet now holds a total of $170 million worth of digital currency holdings, with $80.9 million worth of Ethereum’s native currency, ETH, in second place. The whale also has holdings in other cryptocurrencies, including $13.1 million worth of Polygon ($MATIC) and $4.9 million worth of Avalanche ($AVAX).

Data from IntoTheBlock has revealed that long-term SHIB investors, who have kept their tokens for over a year, collectively own 687.17 trillion $SHIB, worth over $7.20 billion, which is almost 70% of the circulating supply.

Cruisers, or those holding their tokens for one to 12 months, own 232.54 trillion $SHIB, accounting for 23.65% of the supply. Meanwhile, traders, or those holding their SHIB for less than a month, only control 63.55 trillion $SHIB, amounting to less than 6.5% of the cryptocurrency’s supply.