WhaleStats statistics revealed that a tracker of big crypto investors, the Shiba Inu (SHIB) meme token, remains one of the favorite investment vehicles of crypto whales. As of March 2, the top 1,000 crypto whales on the Ethereum network had an average of more than $619 million SHIB.
Interestingly, the $619 million figure only represents about 10% of the ETH whales’ holdings of altcoins, as most large investors currently have more stablecoins in their portfolios. Specifically, the top 1,000 ETH whales hold USDC worth over $1.06 billion and $808 million USDT on average.
Other well-known cryptos on the list were Polygon (MATIC), Chainlink (LINK), and Uniswap utility token UNI. However, their combined sum was still below the average amount of SHIB tokens the whales held.
Furthermore, other activities of notable investors that WhaleStat monitors include their most popular trading currencies, their most significant token position by dollar value, most popular smart contracts, and most sold coins. Apart from the most prominent crypto by dollar value, which went to Shiba Inu, the USDC stablecoin dominated all other categories.
Regardless of the activities of crypto whales, SHIB’s price performance has been bad over the previous seven days. It trades at $0.00001195, with an over 11% fall in the last seven days. Crypto traders bought and sold only $172 million of Shiba Inu tokens in the previous 24 hours.
In related news, the SHIB army will be part of the XR Experience Spotlights at the magnificent WAGMI Temple Hub premiere in Austin, Texas, this month.
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Source: Cryptocurrency - investing.com
