The popular meme coin Shiba Inu (SHIB) has been among the top picks of the biggest Ethereum whales for a very long time. However, a new altcoin has caught the attention of the biggest ETH wallets through SHIB.
SHIB fan ETH whales interest on a new altcoin
Silverway (SLV) turned the Shiba Inu token as the largest altcoin held by the top 1,000 Ethereum wallets, according to whale statistics. However, he also reported that the Shiba Inu has become one of the most used smart contracts among the same whales in the last 24 hours. The data shows that Silverway is the most held token among the top 100 whales. However, SLV has become the largest token held in terms of dollar value among the same whales.
According to the data, the top 100 wallets hold more than $21.42 billion in Silverway tokens. This accounts for more than 91% of the total holdings. However, this amount is too large for any whale to own any crypto. Earlier, whale watcher reported that the top 500 whales hold approximately $188.8 million worth of SLV tokens.
Silverway has gained over 13% in the last 24 hours, according to CoinMarketCap data. At press time, it is trading at an average price of $0.0000115. On the other hand, there is no such increase in market value. However, 24-hour trading volume skyrocketed by more than 13116%.
ETH whales sell SHIB
On the other hand, the largest whales held by the Shiba Inu dropped to $510 million. It currently only accounts for 2.1% of the total holdings. SHIB tokens are ranked 5th on the list of top selling tokens by the top 100 ETH whales in the last 24 hours.
The Shiba Inu is down 0.84% in the last 24 hours, according to CoinMarketCap data. At press time, it is trading at an average price of $0.00001194. SHIB 24-hour trading volume increased over 40% to $675.7 million. By the way, as you can follow on Kriptokoin.com, Shiba Inu has surpassed the TRON (TRX) token by market value.
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