Curve DAO Token (CRV) flips Shiba Inu (SHIB) as the most traded token among the top Ethereum whales. Shiba Inu held the top spot among whales in recent weeks due to the anticipated launch of the Shibarium Layer-2 blockchain solution.
In fact, the CRV price also witnessed a massive 70% increase in the past few days, with a current price of $0.9119.
Shiba Inu loses top spot to CRV token
WhaleStats in a tweet on Jan. 17 revealed that has flipped the CRV token Shiba Inu (SHIB) to become the most traded token among the top 500 Ethereum whales.
CRV also became the top 10 purchased tokens among the 100 largestwhales in the past 24 hours. Similarly, the token caught the attention of the top 2000 ETH whales in the past 24 hours.
Although CRV flipped the SHIB token, Shiba Inu still holds the largest token holding by dollar value with the current market cap of $5,750,962,661 USD. Moreover, there are 549,063,278,876,302 SHIB coins circulating in the market, more than Curve DAO Token.
Shiba Inu observes a huge price drop in the period of the past year. The price plummets during the whale sale. SHIB price is currently trading at $0.00001067, up nearly 3% in the past 24 hours.
Meanwhile, Curve DAO Token (CRV) is currently trading at $0.9119, up more than 6% in the past 24 hours. CRV has witnessed a massive 70% increase since the beginning of the year, almost doubling the price of CRV.
CRV also showed positive signals and an upward trend last week. Curve DAO Token currently has a market value of $1,715,263,906.25.
Shiba Inu’s Whale Accumulation Ahead of Shibarium Beta Launch
The Shiba Inu community is actively awaiting the anticipated launch of Shibarium Beta in early 2023. Shiba Inu ecosystem tokens SHIB and BONE have surged in recent weeks.
Although SHIB has lost the most traded token position, it has remained whales’ most favorite meme coin. SHIB is also among the top 10 purchased tokens of the 100 largestwhales in the past 24 hours.
Also Read: Circle CEO Jeremy Allaire hints at another FTX-like insolvency in 2023
CoinGape consists of an experienced team of native content writers and editors who work around the clock to cover global news and present news as fact rather than opinion. CoinGape writers and reporters contributed to this article.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
This post CRV converts Shiba Inu and is the most traded among whales
was published first on https://coingape.com/curve-finance-flips-shiba-inu-becomes-most-traded-crypto-whale/