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Shiba Inu (SHIB) Now Second Most Valuable Crypto Held by Top 500 Ethereum Whales

Altcoins

thecryptobasic.com 29 March 2022 16:13, UTC
  
Reading time: ~2 m

Shiba Inu 2nd Top Token Held By ETH Whales, Top Whales Holding Billions of shib.


Ethereum whales have not failed to increase their holdings of Shiba Inu (SHIB) whenever the opportunity presents itself. 

WhaleStats gives an insight of the most valuable cryptocurrencies held by the top 500 Ethereum addresses. 

🐳🐳 Top 500 #ETH whales are holding

$1,968,783,473 $FTT
$1,595,051,886 $SHIB
$391,823,118 $MATIC
$364,731,441 $MANA
$346,816,744 $BEST
$320,866,000 $OKB
$278,892,769 $CRO
$271,981,280 $LINK
$271,252,736 $CHSB
$247,664,632 $SRM
$190,204,556 $SAND

👉 https://t.co/EKDKMogaCm pic.twitter.com/mHAMaIdLvh

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 29, 2022

According to the data, the top 500 ETH addresses are holding a combined $1,595,051,886 ($1.59B) worth of SHIB, which represents 12.1% of their total cryptocurrency holdings. 

The massive volume of Shiba Inu held by the top 500 addresses puts the cryptocurrency as the second most valuable coin held by these top whale Ethereum addresses  

The volume of Shiba Inu held among the top 500 Ethereum addresses suggests the level of confidence whale investors have in the popular dog-themed cryptocurrency. 

Shiba Inu, which has successfully unveiled useful projects, has given investors the confidence that it is no longer a memecoin but a utility token. 

Some of the useful Shiba Inu projects launched last year include a non-fungible token (NFT), a layer-2 blockchain, a metaverse project, and a decentralized autonomous organization called Doggy DAO. 

The team behind the project is also planning to unveil a play-to-earn (P2E) game, a SHIB burn portal, and a stablecoin for the Shiba Inu ecosystem.

These enticing features have continued to lure Ethereum whale investors who believe the token’s value will surge tremendously in the near future. 

Top 100 Whales:

In the last 24 hours Top 100 ETH whales on average are holding 2.331B Shiba inu worth $64,644,347 ($64M). This shows the hunger of whales for shib and the token popularity.

Top Three Shib holders:

The biggest whale that is holding the highest sum of shib is “Light’. Currently Light holds 34,628,281,443,997 (34.6 Trillion) shib coins worth $960,242,244 ($960M). Shib represents 3.46% of Light holdings.

The second-biggest wallet in term of shib holding is  ‘0x422193843fe209faa94f5cc1780e04965e77cb7f’. This whale holds 10,630,328,724,484 (1.6T) shiba inu Worth $294,779,016 ($294M). Shib depicts 1.06% of the second-biggest wallet overall holdings.

The third larger wallet ‘0x1406899696adb2fa7a95ea68e80d4f9c82fcdedd’ holds 10,200,003,141,762 (1.2T) shib worth $282,846,087 ($282M), that is 1.02% of the wallet entire portfolio.

At press time, Shiba Inu is trading around $0.00002780 across major exchanges, up 17% in seven days.


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