Decoding real meaning behind Ethereum whales buying SHIB
ambcrypto.comSHIB, the popular meme coin has had an interesting relationship with dominant buyers. In several instances, top Ethereum whales bought the flagship token irrespective of SHIB’s price going down or up. This time was no different. Two major whales acquired massive amounts of Shiba Inu as the token regained 6% after a recent decline.
Whalestats revealed that the whales have been actively accumulating the token. This resulted in an increasedShiba Inu smart contract usage and has made it one of the most used smart contracts among the largest Ethereum wallets.
Over the past 20 hours (from the press time), whales titled “Bombur” and “BlueWhale0073” made two purchases of Shiba. “Bombur” grabbed 50,520,317,707 SHIB tokens as mentioned in the 18 April tweet.
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