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Ethereum (ETH) Whale Adds 47 Billion SHIB Tokens; Shiba Inu Now Largest Holding By ETH Whales

One of the biggest Ethereum (ETH) whales has just bought the dip. According to Whale Stats, an ETH wallet has purchased more than 47 billion SHIB tokens worth $1,275,710 to become one of the largest SHIB holders. Surprisingly, this wallet already holds more than $100 million worth of Shiba Inu tokens. This move assures that the whale has utilized the dip well.

ETH whales go for SHIB

Data shared by WhaleStats shows that this unknown ETH Wallet now holds $113,247,616 worth of Shiba Inu coin. While total holding by the whale is over $700 million comprising many different tokens. SHIB stands at 3rd spot and makes 9.5% of the wallet’s total holding.

In addition to Shiba Inu, one of the biggest wallets depicts Adidas metaverse token standing at the top with a value of over $500 million. Meanwhile, Twitter Dao makes it to the second spot.

The SHIB has now become the highest token holding by the top 1000 ETH wallets with a value of $2,291,902,599. However, it has also made it to the sixth and seventh spot on the list of top 10 purchased tokens in the last 24 hours and 30 days respectively.

The 1,000 biggest Ethereum wallets are worth an average of $145.9 million and have an average of 40,519 ETH, 38 tokens, and 1 NFT.

Shiba Inu to the moon

Since the beginning of the year, Crypto whales have gone for the SHIB as their favorite coin. Amid the market dip, last month, an ETH whale bought over 110 billion Shiba Inu tokens, while another whale went on to buy 139 billion SHIBs for $4.2 million last week.

Shiba Inu has dropped many announcements since the beginning of February. From declaring its ‘Shiberse’ to holding events with the crypto analyst and enthusiasts, Shiba Inu has done everything to expand its SHIB army.

The second-largest meme coin was trading at an average price of $0.000026 at the press time. SHIB coin has seen a surge of 1.30% in the last 24 hours. Dog-themed meme-coin has seen an upward trend of 14.84% in the 24-hour trading volume. As per coinmarketcap, Shiba Inu stands at 14 spot in terms of total market capitalization.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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