Shiba Inu Emerges As Top Choice Of ETH Whales; Here’s Why

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Shiba Inu (SHIB) toke has managed to hold its position in the biggest Ethereum (ETH) whale wallets amid the increased volatility in the global crypto market.

Top 2k whales hold $608.6 mln worth SHIB

According to WhaleStats, the SHIB token has emerged to be the biggest token held by the top 2000 ETH whales. The data shows that these wallets are holding around $608.6 million worth of Shiba Inu tokens. Meanwhile, whales have also accumulated $379.5 million worth of new tokens named “ShibDoge”.

However, SHIB is the second largest token held by the biggest 1000 Ethereum wallets. They own around $592.9 million worth of Shiba Inu tokens.

As per the data, the largest of the 100 ETH whales are holding $536.9 million worth of Shiba Inu tokens. It takes around 16% of its total holdings. It is the biggest token held by them.

XRP whale adds 20 trillion Shiba Inu

As per the report, an XRP whale transferred around 20 trillion SHIB tokens from BINANCE to its wallet. The transfer worthed around $210.1 million. This has been reported as the single largest transaction ever in the history of SHIB. The whale is now holding around 48.7 trillion Shiba Inu tokens.

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