One of the largest Ethereum (ETH) whales on earth is snapping up hundreds of millions of dollars worth of the top Dogecoin (DOGE) rival Shiba Inu (SHIB).
Blockchain-tracking service Etherscan shows that a large crypto whale loaded up 118,058,494,947 SHIB worth $1.34 million in the past day.
After this latest transaction, the deep-pocketed investor now owns a remarkable 19,801,902,912,350 SHIB worth more than $225.34 million, representing nearly 40% of the whale’s crypto portfolio.
At time of writing, SHIB is trading for $0.000011.
In addition to SHIB, the large investor also owns a number of Ethereum-based altcoins including blockchain scaling solution Polygon (MATIC). The Ethereum whale holds 47,177,429 MATIC worth over $55 million, according to Etherscan data.
The whale also owns decentralized oracle network Chainlink (LINK). Etherscan reveals that the large entity has a trove of 1,989,278 LINK tokens worth $13.72 million.
Another altcoin on the investor’s portfolio is lending and borrowing protocol Compound (COMP). According to the blockchain-montoring platform, the whale holds 178,936 COMP worth more than $8.52 million.
Next up is decentralized exchange (DEX) protocol Uniswap (UNI). Etherscan shows that the whale in question has gobbled up 825,599 UNI worth $5.13 million.
In total, the massive Ethereum whale owns about 147 different crypto assets worth a staggering $604.48 million at time of writing.
Whale-watching site WhaleStats finds that Shiba Inu is still the top altcoin holding of the largest 100 Ethereum whales, excluding ETH itself and stablecoins.
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Featured Image: Shutterstock/GrandeDuc