SHIB Becomes The Largest Token Held By Top 2000 ETH Whales

The crypto sector is in crisis and the increased volatility in the global crypto market has affected almost every crypto asset eroding its values by massive proportions. However, it is also a time for whales to become active and Shiba Inu has become the favorite for Ethereum Whales.

Top 2k Whales Account For $608.6 Million Worth Shiba Inu

As per data revealed by WhaleStats, Shiba Inu has become the largest token which are held by the top 2000 ETH whales. The value of the tokens held by these wallets amounts to a whopping $608.6 and additionally, the whales have also accumulated $379.5 million worth of new tokens named “ShibDoge”.

The biggest 1000 Ethereum wallets hold around $592.9 million worth of Shiba Inu tokens.

As per data the biggest 100 ETH whales hold $536.9 million worth of Shiba Inu tokens and represent 16% of its total holdings. It is the biggest token held by them.

XRP Whale Now Adds 20 Trillion More Shiba Inu Into Its Kitty

As per a report by WhaleStats an XRP whale transferred around 20 trillion Shiba Inu tokens from Binance to its wallet. The total value of the tokens is said to be around $210.1 million. It was the single biggest transaction ever in the history of the token. The whale has now around 48.7 trillion Shiba Inu tokens in its kitty.

The canine-based coin is currently trading at $0.00001042 and is up 1.96% in the last 24 hours. Shiba Inu prices are up by 6% over the past 7 days. The world’s second-largest meme token is holding a market cap of more than $5,719,579,409 and is up 1.96%. The token has a volume of $352,788,549 while it has a circulating supply of 549,063.28B Shiba Inu.

There are two reasons for the sudden spike in the interest the whales. The first is the recent announcement done by the token. Shytoshi Kusama, a lead developer of ShibaSwap that a second token is going to be added to the Shiba Inu ecosystem. The new token will be named “TREAT”.