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Shiba Inu (SHIB) Takes the Lead: Ethereum Whales Hoard $708M in Tokens

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In the world of cryptocurrency, it seems that one altcoin is making waves and grabbing the attention of the biggest Ethereum whales. That altcoin is none other than Shiba Inu (SHIB).

According to data from WhaleStats, a platform that provides analysis of the top whale wallets on multiple chains, the 5,000 largest Ethereum whales now hold a massive number of SHIB tokens, valued at $708,456,318. This impressive figure places SHIB as the largest non-ETH holding among Ethereum whales.

Source: WhaleStats.com

As of 9:10 a.m. UTC on 7 February 2023, the next three largest holdings are USDT, USDC, and BEST.

Source: WhaleStats.com

As interest in SHIB continues to grow, so too does the number of large whale transactions involving the digital asset. For example, last weekend, a whale anonymously transferred 3,216,307,240,798 SHIB tokens, worth $47.6 million, to an unknown wallet.

In the world of cryptocurrency, it seems that one altcoin is making waves and grabbing the attention of the biggest Ethereum whales. That altcoin is none other than Shiba Inu (SHIB).

According to data from WhaleStats, a platform that provides analysis of the top whale wallets on multiple chains, the 5,000 largest Ethereum whales now hold a massive number of SHIB tokens, valued at $708,456,318. This impressive figure places SHIB as the largest non-ETH holding among Ethereum whales.

Source: WhaleStats.com

As of 9:10 a.m. UTC on 7 February 2023, the next three largest holdings are USDT, USDC, and BEST.

Source: WhaleStats.com

As interest in SHIB continues to grow, so too does the number of large whale transactions involving the digital asset. For example, last weekend, a whale anonymously transferred 3,216,307,240,798 SHIB tokens, worth $47.6 million, to an unknown wallet.

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