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Recent Price dip created an opportunity for Crypto whales, who bought 356 billion SHIBs

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The ongoing market crash is not at all good for any cryptocurrencies either large cap or medium cap, but several buying here and there have continued

When they say, the suitable time to purchase an asset is to buy them on dip, they mean it. Recently an Etheruem whale address noted as BlueWhale0073 has come up with the example of the same when he continues to make purchases of huge amounts of Shiba Inu tokens in bulk even when the market is facing steep decline. Even while at the time of writing, almost the entire crypto market including top cryptocurrencies are witnessing carnage all over. 

Rarely any crypto asset is recording a growth due to which, massive buying of Shiba Inu tokens came as a surprise. Not only SHIB, large whale accounts are also looking to acquire FTX token’s FTT and MATIC token of Polygon tokens. According to WhaleStates that keeps track of top 100 whale wallets and their activities of different blockchains, the owner of BlueWhale0073 whale address has made a huge acquisition of Shiba Inu tokens. 

As per the data provider, about 356,078,908,730 Shiba Inu tokens have been bought by the whale address that would cost it around little more than $3 million. The transaction took place on Tuesday, 14th June. It was earlier this month itself when the crypto whales made at least a couple of more purchases of popular meme currency Shiba Inu. 

It was on 6th June when BlueWhale0159 had acquired about 187,000,000,000 Shiba Inu tokens for about $2 million. Earlier on 1st June, the same account was seen to purchase about 130,419,267,297 SHIB tokens worth slightly more than $1.5 million. 

As far as FTT native token of FTX is concerned, the cryptocurrency exchange firm token has been spotted as one the largest holding cryptocurrency of Ethereum whales in terms of its value in US dollars. As per the reports of WhaleStats, there has been buying of several chunks of FTX tokens made by several investors on the Ethereum network. 

The reports are that whale addresses have acquired a huge number of tokens – given BlueWhale0116 771,779, BlueWhale0079 6,500,000 and Bonobo bought 15,000,000 FTX tokens. Overall purchase of FTT totalled for staggering $510.5 million. 

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