The purchase comes amid the meme-based cryptocurrency, SHIB, which lost around 8% of its price in the past 24 hours but has partly regained some of the losses by now.
The owner of the whale wallet made three purchases of SHIB and transferred tokens to his address, carrying 57,871,907,885; 58,807,087,673 and 58,624,985,970 Shiba Inu worth a comprised $4,553,868.
However, by now, the whale appears to have sold the majority of his SHIB holdings. In fact, the wallet portfolio now consists mainly of tokens related to McDonald's, ADIDAS, and YouTube.
Meanwhile, Shiba Inu has declined 8% since yesterday with a 24-hour market volume of $1 billion.