Deep-rooted crypto investors on the smart contract platform Ethereum (ETH) were trending in the news with their acquisition. The top 1,000 whales by asset increased their exposure to the meme-inspired cryptocurrency Shiba Inu (SHIB).
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New data from WhaleStats on Feb. 17 showed that ETH whale holdings crossed the $2 billion mark as SHIB topped the list of altcoins in terms of total holdings. The top 1000 ETH wallets were: to hold 18,266,568,894,208 SHIB Tokens. This was $2,604,410,281 at the time of going to press.
BREAKING: Value of $SHIB @Shibtoken held by the top 1000 #ETH Whales Just Reclaim $2 Billion 🥳🥳
👉 Specifically $2,761,646,130 (18,260,127,622,912) #SHIB†
Whale standings: https://t.co/28TDZ6JFiD#ShibArmy #Shiberse pic.twitter.com/aLpn1SkwDm
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 17, 2022
This was not the first shopping trip here. On February 16, the WhaleStats platform tweeted out a new list of crypto assets, comprising most of their holdings. Meme cryptocurrency, Shiba Inu was in first placea total of 16.74% worth $1,701,965,649.
Apart from this, the crypto whales also devoured Polygon with an average of $36,735 for 19,919 MATIC tokens. The metaverse game Decentraland even cracked the top 10 last week. Interestingly, the whales dropped an average of $18,505 to buy 5,502 MANA.
Overall, SHIB has had an interesting start to 2022. Despite a few hiccups, it outperformed a majority of altcoins as most assets moved into the “red zone”. However, not everyone was on the same page. Binance Smart Chain (BSC) whales didn’t quite show the same enthusiasm for the second-largest canine cryptocurrency.
This post Top 1000 ETH Wallets Hold $2 Billion SHIB, But What Does This Mean For Traders?
was published first on https://ambcrypto.com/top-1000-eth-wallets-hold-2-billion-shib-but-what-does-it-mean-for-traders/
