Per the latest report, Shiba Inu (SHIB) continues to be the choice of Ethereum whales. The dog-themed cryptocurrency, which is currently introducing more use cases to enhance the growing ecosystem, now has the biggest position among the largest 1000 Ethereum whale wallets.
Shiba Inu (SHIB) Flips FTX
The new development was announced a couple of hours ago via the official Twitter handle of WhaleStats, the tracker of the activity of the biggest 1000 ETH whales.
According to the report, FTX, the digital token that was holding the number one position among Ethereum whales, has been flipped by the second-largest meme coin, Shiba Inu (SHIB).
WhaleStats tweeted, “JUST IN: SHIB had flipped FTX to be biggest token position by dollar value among the top 1000 ETH whales.”
📰 JUST IN: $SHIB @Shibtoken had flipped $FTX to be biggest token position by dollar value among the top 1000 #ETH whales#Shib #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 7, 2022
As shown on WhaleStats’s leaderboard, Shiba Inu (SHIB) is currently occupying the first position, taking 16.57% of the biggest 1000 Ethereum whales’ position.
ETH whales, led by the wallet known as “Light”, have managed to collectively accumulate 59,147,114,104,313 SHIB tokens (59.14 Trillion SHIB) worth $1.427,547,154 ($1.4 Billion).
Read Also: Anon Shiba Inu Whale Scoops 42 Billion SHIB As the Token Reaches Local Bottom
Shiba Inu (SHIB) in the Market
After the recent massive dip led by the flagship cryptocurrency Bitcoin (BTC), the market is seemingly starting to indicate a recovery trend.
Shiba Inu has also recovered a few of its losses based on 24 hours estimation. At the time of press, SHIB is trading at $0.00002332, with a 1.36% price upsurge in the last 24 hours.
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