Whale accounts dominate the crypto market. These accounts can substantially affect the price of a token. The activity of whale accounts for the Shiba Inu (SHIB) cryptocurrency has increased significantly in recent days. The big whales of the Ethereum chain are constantly buying and storing Shiba Inu, due to which the trading volume of Shiba Inu has increased by several hundred times. Data from whalestats.com shows the shiba inu is number one in the dollar value of the top 100 whale accounts on the ethereum chain. That is, it is the biggest asset of those whales. However, the Shiba Inu has been evicted from the position of the most traded token.
Report As of now, the Shiba Inu has become a small-cap token, slipping from the position of the most traded token. It was first replaced by ALCX. Flipping the Shiba Inu, ALCX took the number one spot in the Most Traded Tokens spot. This coin has a rating of 385 on coinmarketcap.
However, ALCX has also exited the position of the most traded token on the Ethereum chain for now. MATIC has come in its place. It is also known as Polygon Matic Token, which is held by more than 4.5 lakh people. Talking about Shiba Inu on the other hand, whale accounts currently have Shiba Inu tokens worth $510,300,966. This cryptocurrency is trading at a value of $0.000001215.
Recently, a report revealed that the number of Shiba Inu holdings is 19.76% of the total holdings of Ethereum whales. That is, Shiba Inu tokens account for about 20 percent of all types of cryptocurrencies that Ethereum whales hold. Interestingly, the Shiba Inu stands out here on a par with stable tokens. The share of Shiba Inu is equal to the share of USDT and USDC stable coins held by Ethereum whales.
Recently ETH whales bought 534 trillion Shiba Inu tokens. The purchase was made in three major transactions. The 248th ranked Ethereum whale named Gimli bought 1.87 trillion Shiba Inu tokens in a single transaction. Gimli bets only on the Ethereum whale SHIB. It is said that the Shiba Inu is its largest holding. At present there are 391 trillion Shiba Inu tokens in this whale’s wallet.