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New Data: World’s Biggest Ethereum Whales Keep Accumulating Shiba Inu (SHIB)

According to new data, the world’s biggest Ethereum whales are loading up on the hottest meme token in the market, Shiba Inu (SHIB), and two of the hottest metaverse tokens.

The latest numbers from WhaleStats are revealing the investment behavior of the 1,000 wealthiest non-exchange Ethereum addresses.

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The whale tracking platform shows that in the last 30 days, deep-pocketed crypto investors bought an average of $8.42 million worth of Ethereum (ETH), $2.89 million worth of stablecoin Tether (USDT) and $2.46 million worth FTX Token (FTT), the utility asset of crypto derivatives exchange FTX.

Next up is stablecoin USD Coin (USDC) with an average purchase amount of $1.94 million, followed by Shiba Inu and player-controlled blockchain platform Gala with average purchases worth $1.03 million and $464,228, respectively.

At number seven is crypto exchange Binance’s stablecoin Binance USD (BUSD), while virtual reality platform Decentraland (MANA) comes in number eight with an average purchase amount of $158,455.

Read Also: Shiba Inu Collaborates With former Activision Vice President, William David Volk, To Create SHIB NFT Game

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Wrapped Bitcoin (WBTC), which represents Bitcoin on the Ethereum network and is backed 1:1 with BTC, takes the ninth position, while decentralized derivatives exchange Serum (SRM) rounds out the top 10 list.

New Data: World’s Biggest Ethereum Whales Keep Accumulating Shiba Inu (SHIB)
Courtesy of WhaleStats

Looking at the crypto trove of the largest Ethereum whales, ETH itself sits at the top with holdings worth over $166.56 million on average. Shiba Inu comes in at number two with average holdings worth $1.69 million.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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