One person just purchased $4 million worth of this meme crypto coin

New data from WhaleStats indicates that one individual has cashed out more than $4 million on this one meme cryptocurrency coin.

@JakConnorTT

Published Feb 16, 2022 12:02 AM CST
Updated Mar 14, 2022 2:03 AM CDT

49 seconds read time

The data comes from WhaleStats, that reports one wallet recently purchased more than $4 million worth of a meme cryptocurrency.

According to reports and Tweets from WhaleStats that analyzes the behavior of the 1,000 largest Binance Smart Chain (BSC) wallet addresses, one wallet address that's total holdings are worth more than $2.38 billion, has recently purchased 139,929,254,883 of the meme cryptocurrency Shibu Inu ($SHIB), worth $4.23 million.

DailyHodl reports that SHIB recently rose to the top and temporarily held there for the 24-hour trading volume among the largest 1,000 wallets on the BSC, as it had an average purchase amount of $4,249 for 140,454,463 SHIB coins. Out of all of the top wallets on the BSC, the meme-cryptocurrency accounts for just 1.03% of their holding, or $26.25 million.

If you are interested in reading more about this story, check out this link here. In other cryptocurrency news, Grand Theft Auto's publisher acknowledged there's massive potential in NFTs, more on that here.

One person just purchased $4 million worth of this meme crypto coin 01

NEWS SOURCES:twitter.com, dailyhodl.com

Jak Connor

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.