According to data from WhaleStats, Ethereum's biggest whales have not divested their Shiba Inu holdings in the past few months.
Shiba Inu ($SHIB) remains in Ethereum whale’s largest altcoin position Meme-inspired cryptocurrency Shiba Inu ($SHIB) can maintain its position as the largest altcoin holder among the largest whales on the Ethereum ($ETH) network in the slump in the cryptocurrency market downturn.
According to data from whale monitoring service WhaleStats, the largest Ethereum whale has not sold its Shiba Inu stake in recent months, making SHIB one of the largest stakes after Ethereum’s Ethereum ($ETH). I’m holding it.
According to data from the platform, the top 100 whales on the Ethereum network have $269.7 million worth of ETH and $5.49 million worth of SHIB, followed by $ 5.3 million worth of Circle’s stablecoin USDC.
The next largest resource after these whales is at FTX’s $ FTT, which averages $2.97 million per whale. Next is the BitPanda Exchange’s native token, $ BEST, which averages $1.8 million per whale. Other top holdings include $ USDT, $ stETH, $ CHSV, $ MANA, and $ MATIC.
As reported by CryptoGlobe, SHIB reversed the FTT and became the largest altcoin of the Ethereum whale in May. According to WhaleStats data, SHIB accounts for 19.08% of Ethereum’s top 100 whale portfolio, with a total holdings of $548.9 million.
By comparison, FTT accounts for 10.34% of the portfolio, with a total holding of $ 297.5 million and BEST accounting for 6.4%, at $184.2 million. Ethereum whales‘ SHIB holdings have increased over time, with the recent addition of 150 billion SHIB purchases to their holdings.
🐋 ETH whale "BlueWhale0159" just bought 150,000,000,000 $shib ($1,750,500 USD).
Ranked #315 on WhaleStats: https://t.co/b0sIz9f1O1
Transaction: https://t.co/v0w97gA0ed#SHIB #ShibArmy
— WhaleStats (free data on crypto whales) (@WhaleStats) July 22, 2022
Earlier this month, SHIB confirmed that the number of holders increased from about 1 million eight months ago to over 1.2 million Ethereum addresses. The number of meme-inspired cryptocurrency holders exceeded one million in November last year, despite prices falling from a Bull Market that outperformed many other assets as the community grew.
The SHIB’s chain trading volume has fallen to its lowest level in 15 months, bringing a new milestone beyond the 1.2 million bearer market. According to a report by CryptoGlobe, about 213,000 SHIB transactions were recorded on the chain in April 2022, up from a record high of 1.38 million in October last year, as CryptoGlobe reported. That figure has, in June, dropped to 157,889.
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