cryptoglobe.com
An Ethereum whale with over $570 million worth of assets on its portfolio, has recently invested $136 million in the meme-inspired cryptocurrency Shiba Inu ($SHIB) to purchase over 4 trillion tokens of it.
The transactions were first spotted by whale monitoring resource WhaleStats, which pointed out that the Ethereum whale accumulated 4 trillion tokens over a 24-hour period. WhaleStats, it’s worth noting, tracks the largest 1,000 wallets on the Ethereum network.
Looks like whales are really hungry for #SHIB 🐳🐳
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 21, 2021
🥳 An ETH whale added 4T $SHIB ($136M) in the past 24hrs 👉 https://t.co/DCjI0wd9vF
🏆 $SHIB is most traded and biggest hodling token among the top 1000 ETH wallets#ShibArmy RT if u always think $SHIB is the King 😉 pic.twitter.com/hOsa99etTl
As CryptoGlobe reported, Shiba Inu recently became the largest altcoin holding among Ethereum’s top 1,000 whales followed by FTX’s native $FTX token and Tether’s USDT stablecoin. Data has shown whales hold around $1.7 billion worth of the meme-inspired cryptocurrency and $1.6 billion worth of FTX’s native cryptocurrency.
These whales also hold $1.1 billion in Tether’s USDT, $500 million in Gala Games’ $GALA token, and $400 million on the native cryptocurrency of Crypto.com and the Cronos network, $CRO. The top 1,000 Ethereum whales are also holding onto Polygon ($MATIC), Decentraland ($MANA), Telcoin ($TEL), and The Sandbox ($SAND).
The whale that recently invested $136 million in SHIB has seemingly been betting on Metaverse-related tokens, as their largest holdings include the native token of Decentraland, a virtual reality platform, and of Gala, a gaming platform where players are part owners and operators.
Its other large holdings include $MATIC, $CHZ, $ETH, $SAND, and $OMG, among a number of other altcoins. It’s worth noting $SHIB has also recently become the third most-used token on the Ethereum network after only two major stablecoins, USDT and USDC, as holders of the meme-inspired cryptocurrency are seemingly becoming more active.
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