Shiba Inu Now Most Traded Token Among Top 100 ETH Whales

Shiba Inu (SHIB) becomes the most traded cryptocurrency among the top 100 largest ETH holders, surpassing Perpetual Protocol (PERP) in the past 24 hours.

WhaleStats recently reported that Shiba Inu (SHIB) has overtaken Perpetual Protocol (PERP) as the most actively traded cryptocurrency among the top 100 largest ETH holders in the past 24 hours.

📰 JUST IN: $SHIB @Shibtoken flipped $PERP for MOST TRADED token among top 100 #ETH whales

Check the top 100 whales here: https://t.co/N5qqsCAH8j

(and hodl $BBW to see data for the top 5000!)#SHIB #PERP #whalestats #babywhale #BBW pic.twitter.com/bKGJIxa2qn

— WhaleStats (tracking crypto whales) (@WhaleStats) January 31, 2023

According to CoinMarketCap, in the last 24 hours, Shiba Inu (SHIB) had a trading volume of $323.75 million, while Perpetual Protocol (PERP) was traded for $51.30 million.

Additionally, SHIB has become the highest-valued holding among the top 500 ETH whales, with these major holders collectively owning $581,857,477 ($581.85 million) worth of SHIB.

🐳 The top 500 #ETH whales are hodling

$581,857,477 $SHIB
$148,997,356 $BEST
$93,677,934 $MATIC
$84,718,936 $LOCUS
$83,525,116 $BIT
$68,101,399 $LINK
$64,200,836 $UNI
$61,652,557 $MANA

Whale leaderboard 👇https://t.co/tgYTpOm5ws pic.twitter.com/63Jhpl6JDP

— WhaleStats (tracking crypto whales) (@WhaleStats) January 30, 2023

Shiba Inu is causing excitement in the cryptocurrency market due to its growing popularity. As reported earlier by The Crypto Basic, CoinMarketCap, a top provider of cryptocurrency data, listed Shiba Inu as the top dog-themed cryptocurrency globally on its platform in 2022, with a view total of 48.69%. This makes Shiba Inu the most viewed among all canine-themed digital currencies, surpassing others like Dogecoin (DOGE) and Baby DogeCoin (BabyDoge).

BabyDoge Coin came in second with 21.83% of views, followed by Dogecoin, Dogecoin Mars, and Floki Inu in third, fourth, and fifth place, respectively.

Shiba Inu’s mainstream adoption is also on the rise. Recently, Bahrain’s real estate developer Bin Faqeeh entered into a partnership with Binance Pay to enable Shiba Inu payments for the purchase of real estate properties.