The largest Ethereum (ETH) whales have become interested in hoarding the popular meme coin Shiba Inu (SHIB) token, according to data provided by whale watching platform WhaleStats.
ETH whales are accumulating these altcoins along with SHIB
In the last 24 hours, the popular dog-themed currency has returned to the whales’ radar, and according to data provided by Blockchain data tracking platform WhaleStats, the largest It has become one of the most purchased tokens among 5,000 ETH whales. According to data from WhaleStats, the first 5,000 ETH whales have so far accumulated an average of 9,132,897 (9.13 million) SHIB.
This development is also known as the dog-themed meme coin Shiba Inu. (SHIB) is the most held token position in dollar terms among the top 5,000 ETH whales currently holding 1,477,868,151 (1.477 billion) SHIB. In addition to SHIB, the wallet of ETH whales includes FTX Token (FTT), Bitpanda Ecosystem Token (BEST), Polygon (MATIC), Chainlink (LINK), Decentraland (MANA), Swisborg (CHSB) and Okb (OKB).
Looking at data from the top 100 ETH wallets of the last 24 hours, meme coin appears to be the 8th most accumulating token, with these top wallets adding an average of 234,813,442 (234.81 million) tokens to their portfolios.
As we have mentioned in the news of Kriptokoin.com, besides the accumulation, the burning of SHIB tokens also accelerated. According to our latest report, over 1.99 billion Shiba Inu tokens have been withdrawn from circulation in the past seven days and over 185.39 million SHIBs in the previous 24 hours.
Massive accumulation among whales and multiple burns are positive signs, but the current circulating supply of 549 trillion tokens may limit potential growth in the near term, according to experts.
At the time of writing, the Shiba Inu was trading at $0.00002305, down 8.36% in the last 24 hours. 24-hour trading volume for the popular dog-themed cryptocurrency is up 8.72% from the previous day and currently stands at $692,627,510 (about $693 million).
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