A major crypto whale invests $120 million in Shiba Inu, PEPE, Ethereum

Whale Invests Heavily in Shiba Inu, PEPE, and Ethereum Amidst Market Volatility

Despite ongoing market uncertainty, a prominent investor has expanded their cryptocurrency portfolio, acquiring significant amounts of meme tokens, including:

• 957.77 billion PEPE tokens
• 583.78 billion Shiba Inu (SHIB) tokens

The investor also diversified their holdings with 14 other cryptocurrencies, including 9,425 ETH (Ethereum) valued at approximately $30.15 million.

While the market capitalization has seen a 4.34% decline to $2.16 trillion due to liquidations and a pessimistic sentiment, some large investors are divesting their assets. Recently, one such investor transferred 1,723 BTC ($106 million) to Binance within the past 24 hours.

Conversely, a newly created whale wallet has been actively accumulating crypto from Binance, primarily ETH. The whale has made substantial investments in meme currencies, purchasing 957.77 billion PEPE tokens (valued at $9.84 million) and 583.78 billion SHIB tokens (valued at $9.68 million).