Shiba Inu Becomes Most Traded Token Among Biggest Ethereum Whales: Here’s How Much SHIB They Hold

WhaleStats has reported that the top 2000 Ethereum (CRYPTO: ETH) whales hold $606,553,503 worth of Shiba Inu (CRYPTO: SHIB).

Top 2000 #ETH whales lobsters

$606,553,503 $SHIB
$167,714,936 $MATIC
$155,922,150 BEST $
$149,437,264 $LINK
$131,748,690 $CHSB
$96,219,283 $UNI
$70,172,580 $LOCUS
$69,722,963 $MANA

Whale leaderboard https://t.co/R19lKnPlsK pic.twitter.com/EI2yxT9IDy

— WhaleStats (tracking crypto whales) (@WhaleStats) March 3, 2023

According to Whale Alert, Shiba Inu has become the most traded token among the top ETH whales and broke out Chain link (CRYPTO: LINK).

RIGHT IN: $SHIB @Shibtoken turned $LINK for MOST TRADED token among top 100 #ETH whales

Check out the top 100 whales here: https://t.co/N5qqsCAH8j

(and hodl $BBW to see data for top 5000!)#SHIB #LINK #whalestats #babywhale #BBW pic.twitter.com/I4iqH52vRQ

— WhaleStats (tracking crypto whales) (@WhaleStats) March 3, 2023

Blockchain tracking service Etherscan has reported that a major crypto whale has accumulated 118,058,494,947 SHIB worth $1.34 million.

The prominent investor owns 19,801,902,912,350 SHIB worth more than $225.34 million, representing nearly 40% of the whale’s crypto portfolio.

According to the Etherscan report, the investor owns Ethereum-based altcoins including Polygon (CRYPTO: MATIC). The Ethereum whale holds 47,177,429 MATIC worth over $55 million.

Also Read: Shiba Inu Rockets Higher As Meme Crypto Becomes Most Traded Among Top 1000 Ethereum Whales

At the time of writing, SHIB was trading at $0.0000113, down 9% in the last seven days.

SHIB is attracting more interest after last week Kusama invited anyone who wants to contribute to the Shiba Inu layer-2 network Shibarium to join the ‘Join Shibarium’ portal.

The beta version of Shibarium is expected to launch next week.

“Ideally, this intake system will allow us to find the best projects and connect them with others who can help or assist. It will allow us to meet the Army and stay organized in the process. It will allow us to growing Shibariums will reach out to professional companies and allow us to reset our relationships with companies that we have previously connected with. Finally, it will help us find the right validators,” Kusama said in a blog post.

According to the report, the new network is expected to speed up transaction speeds and significantly lower gas charges.

Now Read: Ethereum Whales Accumulate Over $450M Shiba Inu at 1 week

Photo via Shutterstock.