The well-known whale tracking platform, WhaleStats, took to Twitter earlier today to share its observations about the buying habits of ETH whales. According to the post, Shiba Inu (SHIB) is one of the most-held cryptocurrencies among the top 500 ETH whales.
Top holdings (Source: WhaleStats)
The post states that these whales are currently holding about $606,354,054. The WhaleStats data indicates that whales are also prioritizing holding tokens like Polygon (MATIC), Chainlink (LINK), DAI (DAI), and SwissBorg (CHSB).
Overall, the most held cryptocurrency by the top 500 ETH whales is USD Coin (USDC), with Tether (USDT) taking up the second position. SHIB is currently the third most-held token with Lido Staked Ethereum (stETH) in the fourth position on the list. MATIC closes off the top 5 most held tokens with whales holding about $166,807,633.
SHIB / Tether US 1D (Source: TradingView)
SHIB is currently one of the cryptocurrencies trading in the green, and the meme coin is currently worth about $0.00001079 after a 3.72% increase in price over the last 24 hours. In addition to this, the price of SHIB is also still up by more than 7% over the last seven days.
With regards to SHIB’s 24-hour trading volume, it is currently in the red zone and now stands at $239,753,767 after a more than 39% decrease since yesterday. In terms of market cap, SHIB stands at $6,359,458,404. This places the meme coin right behind Polkadot (DOT) in the 12th position and in front of TRON (TRX) which is ranked 14th on the list of the biggest cryptos.
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Source: Cryptocurrency - investing.com
