20th-Largest Ethereum Address Just Scoops Over 50 Billion Shiba Inu For $1.24 Million Amid Price Dip
Categories: Crypto News UK
Popular Ethereum whale Bombur has continued its accumulation spree of Shiba Inu (SHIB), as WhaleStats reports another groundbreaking purchase of the dog-themed cryptocurrency from the user. WhaleStats, a crypto data tracking service that monitors the activities in the top 5,000 Ethereum addresses, reports today that Bombur bought a total of 50,520,317,707 for $1.24 million.
Bombur is currently in the number 20th spot in the Whale Stats ranking of the top Ethereum largest addresses. The transaction, which took place at around 10:19 UTC, saw the user pay a total of $7 in fees to purchase the Shiba Inu tokens. While the development is sensational as it suggests the growing adoption of Shiba Inu, it is worth noting that this is not the first time Bombur will be making a massive purchase of SHIB.
Just this month, the popular Shiba Inu whale investor has scooped up over 500 billion SHIB tokens, suggesting the confidence the user has in the dog-themed cryptocurrency. Meanwhile, Bombur’s latest purchase came after the price of the cryptocurrency was dealt a massive blow in the early hours of today, as crypto traders prepare for the publication of the firms’ Q1 2022 earnings report this week.
Shiba Inu arrived at a high of $0.00002601 prior to drooping to a low of $0.00002388. At the hour of composing, the digital currency is changing hands at around $0.00002443, down 6% for the afternoon.