News reports confirm that the 4th biggest well-known whale of Ethereum, “Tsunade,” has scooped up a whopping 51,440,208,121 (51.44B) SHIB tokens in just a single significant transaction, valued at $1,185,696 ($1.18M) USD.
The purchase is tracked by a blockchain tracker website named “WhaleStats.”
A whale is a digital asset term that refers to individuals or entities that hold large amounts of Ethereum. The whales hold enough Ethereum cryptocurrency that they have the potential to manipulate currency valuations.
https://twitter.com/WhaleStats/status/1510277968601534466?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510277968601534466%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fthecryptobasic.com%2F2022%2F04%2F02%2F3rd-biggest-eth-whale-tsunade-just-bought-over-86-billion-shiba-inu-for-2-30-million%2F
Looking deep into the whales’ wallets, we found that Shiba Inu is her 24th biggest holding by dollar value. At the time of writing, she is holding 2 trillion SHIB, worth $46,844,408 (46.84M). Her average purchase price is $0.0000261, as per WhaleStats.
The biggest holding of the whale is American Born Doge; The whale is holding $1,830,690,690 (1.8B) worth of coins.
Besides Shiba Inu, Tsunade is currently holding 70,596,299 (70.59M) Tether (USDT), worth $71,095,920 USD ($71.09M). Such massive accumulation of Tether, a stable coin indicates that the Whale might continue accumulation of Shiba Inu or any other coin in the coming days or weeks.
On the daily chart, the Ethereum price shows strong bullish momentum since March 14 with an ascent of 35% from the lows near $2,500. Further, the price crossed the 200-day EMA (Exponential Moving Average) for the first time tested in January. Thus, the current price action suggests the upside outlook is to stay.
