Data provided by whale-watching bot WhaleStats shows that Ethereum whales have purchased massive amounts of SHIB and UNI. The top 500 whales had LINK on their radar and the following 7 altcoins.
SHIB and UNI on Ethereum whales’ radar
In a new tweet, WhaleStats covered what the top 500 Ethereum whales have been up to in recent days. Accordingly, whales currently hold the most Shiba Inu (SHIB). The data shows that the 500 largest ETH whales own $73,667,853 worth of SHIB tokens. That amount was two million more than they were holding on Friday. Whale bought another 216 billion SHIB over the weekend. The wallet weights of the whales on the weekend of December 10-11 are as follows:
- Shiba Inu (SHIB) – $73,667,853
- Uniswap (UNI) – 48,320,454
- An unknown token 37,978,446
- Locus Chain (LOCUS) – 36,674,990
- BitDAO (BIT) – 36,272,723
- Bitpanda (BIT) – 35,449,052
- Moss Coin (MOC) – 33,054,622
- Chainlink (LINK) – 27,481,281
https://twitter.com/WhaleStats/status/16015124444245032960
Meanwhile, WhaleStats reported that SHIB trading volume rose on Thursday and Friday. The second largest meme token peaked on December 9 with 22.5 billion SHIB in trading volume. Meanwhile, the whales were carrying large quantities of SHIB. Over 5 trillion SHIB transactions were made from major investor wallets on Friday. Whales moved roughly $52 million worth of SHIB tokens. Alongside the high trading volume, SHIB token burning activity is declining. According to the data, the SHIB token burn rate has dropped 60% in the last 24 hours.
SHIB evaluates Internet Computer integration
Internet Computer’s (ICP) developer company DFINITY announced the integration of SHIB and DOGE on December 9th. The firm announced in a new tweet that users can now hold SHIB and DOGE tokens locally on the ICP network. Users will also not need a bridge or third party to transact. We have included the details of the hot development in this article of Kriptokoin.com.
You can soon hold #DOGE or #SHIB natively on the #InternetComputer thanks to Chain Key ECDSA – no bridges ♾️🔥 https://t.co/0FlrBUBwfS
— DFINITY (@dfinity) December 9, 2022
Meanwhile, the Shiba Inu spends a long time well below the ATH level. But the positive news is that it can maintain its position among the top 20 according to market value. Also, the approximately $2.3 million SHIB purchase that took place between November 9 and 10 shows that whales are still interested in the meme token. In on-chain analysis, SHIB suffered a sharp drop per exchange entry. According to Santiment data, foreign exchange inflow first rose to 223 billion on 8 December. It is currently hovering around 25.16 billion. However, SHIB price continues to hold the $0.0000092 zone.
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