WhaleStats data shows that Ethereum whale BlueWhale0159 purchased 150 billion SHIB, worth about $1,750,500 when the purchase happened nearly 16 hours ago.
At press time, the whale holds $1,783,849 worth of SHIB, or 4.8% of its portfolio. Its investment portfolio is mainly composed of USDC, accounting for 88.28%.
According to an earlier tweet by WhaleStats, SHIB has made it to the list of the top 10 most purchased cryptocurrencies by Ethereum ETH 2.27% whales. However, this does not appear to affect the price of the asset. As previously reported, whale users buy SHIB mainly for speculation, as they sell it immediately after buying it.