The famous meme token is now among the Top 10 most on-demand tokens for Ethereum whales.
According to data shared on an on-chain tracking website WhaleStats, SHIB was the 7th most purchased crypto among the 1000 major capital investors. SHIB transaction volume increased by nearly 34% during the past 24 trading hours.
The Ethereum whales on average spent $123,223 to buy SHIB tokens, with an average amount of purchases lingering around 4,7 billion SHIB tokens.
The so-called “DOGE killer” currently ranks as the third most held crypto among the Ethereum whales. As stated by WhaleStats, top 100 ETH wallets hold over 58,8 trillion SHIB coins worth more than $1,55 billion.
The concentration of SHIB holders among the top wallets is also one of the highest (17,42%), surpassed only by the FTX token holders (18,77%).
Shiba Inu (SHIB) is currently more than 70% down from its all-time high of $0.00008616 price of October 28, 2021. The token has been steadily going down since then, reaching the lows of $0.00002069 on February 3rd and testing similar levels on the day, when Russia started a full-scale military invasion into Ukraine on February 24th.
SHIB has recovered by nearly 24% since then and trades at around $0.00002554 at the time of writing.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
Error: Contact form not found.
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Source: Cryptocurrency - investing.com
