Ethereum Whale Moves 258,837,671,569 Shiba Inu (SHIB) In One Massive Transaction: On-Chain Data

One of the largest Ethereum (ETH) whales in existence is turning heads and moving over a quarter of a billion Shiba Inu (SHIB) tokens in one massive transaction.

Blockchain tracking service Etherscan shows that a crypto whale moved 258,837,671,569 SHIB worth over $2.64 million to Shiba Inu’s smart contract where the tokens could be burned or used in the crypto project’s ecosystem.

The Ethereum whale paid around $2 in transfer fees to complete the multi-million dollar transaction.

Even after the recent SHIB transaction, Etherscan finds that the big crypto whale still has an eye-watering 4,925,361,871,313 Shiba Inu worth over $50.23 million.

At the time of writing, SHIB is trading at $0.0000102.

On top of the deep-pocketed investor’s large SHIB trove, the whale also owns blockchain scaling solution Polygon (MATIC). According to Etherscan, the big unit has 11,319,916 MATIC worth more than $11.97 million.

Another altcoin in the crypto whale’s portfolio is the decentralized oracle network Chainlink (LINK). The blockchain tracking page shows that the whale has collected 904,734 LINK worth $5.55 million.

The Ethereum whale also owns the lending and borrowing protocol Aave (AAVE). According to Etherscan, the whale in question has 40,595 AAVE worth $2.17 million.

Next up is the decentralized finance (DeFi) protocol Compound (COMP). Etherscan shows the whale has 69,714 COMP worth $2.63 million.

In all, the major crypto investor owns 111 altcoins worth $76.29 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Lemberg Vector studio

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