That's a hell of a database. Anyway, you should not have any problem if you're hosted on a plan with unlimited disk space. As long as the disk space is used for the functionality of your website (in this case it's the database) there should be no problems.
This can be done, even if you don't get a dedicated IP. But you will have to ask your host provider to manually distribute your websites on different shared IP addresses.
Now, depending on the host, the server can have a X number of shared IPs so if you plan on hosting a large number of...
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