Whale Buys The Bitcoin Dip, Adds $21M Worth Of BTC
Amidst the market dip, a crypto whale has taken advantage of the opportunity to acquire more Bitcoin. The whale, which appears to be back after the holiday, made his first purchase of 456 BTC, according to Bitinfocharts.
The whale, the third-biggest BTC whale purchased 456 BTC at a price of about $46.3K, which is currently the exchange rate in the market as of the time of this writing. Using the rate, the whale made a total BTC purchase worth about $21M.
Whale Also Bought The Dip Going Into The New Year
Even before 2022 came upon the world, the BTC whale had already capitalized on price action to enlarge his holdings. About an hour before the new year, he/she bought six BTC.
In total, the whale possesses about 120,845 BTC, worth approximately $5.6B at press time. With BTC still in the red and predicted to still be in the coming days, the whale might make another move to enlarge his Bitcoin holdings.
Ethereum Whale Adds $3.6M Worth of Shiba Inu
BTC whales are not the only ones in the buying market. According to the prominent whale tracker WhaleStats, an ETH whale that goes by the name Gimli, recently purchased 110B SHIB worth $3.62M based on today’s trading market.
As of the time of this writing, Gimli possesses $47M worth of Shiba Inu tokens, his second-largest coin holding. In total, the whale owns ERC-20 tokens reportedly worth about $1.6B, making him the bigger crypto holder. This is the first SHIB purchase executed by the whale this year.
Last month, the whale made double SHIB acquisitions. He/she first purchased SHIB worth about $2.4M followed by another purchase of 28B SHIB worth $1.1M as at then.
The meme token, accounting for almost 14.6% of ETH holdings, remains a “precious coin” to whales. Surprisingly, the $FTX occupies the number two spot, accounting for 13.4%.
Both Bitcoin and SHIB are trading in the red for the past 24 hours. While BTC is around $46k, SHIB is exchanging at $0.000032, a 61.69% drop from its ATH it attained on October 28, last year. SHIB is also down 2.24% in the last twenty-four hours. Bitcoin shed 1.7% in the last twenty-four hours and 8.9% in the last seven days.
The current purchase shows that whales aren’t disturbed by the coins’ performances in the market. This is a prominent strategy employed by whales to add to their BTC holdings and sell when it goes up.
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