Crypto investors with deep pockets on the smart contract platform Ethereum (ETH) were running in the news with their acquisition. The top 1,000 whales by asset increased their exposure to the meme-inspired cryptocurrency Shiba Inu (SHIB).
shopping spree
New data from WhaleStats on February 17th shows that ETH whale holdings have crossed the $2 billion mark as SHIB topped the list of altcoins by total holdings. Top 1000 ETH Wallets Were holding 18,266,568,894,208 SHIB tokens. The amount was $2,604,410,281 at press time.
braking: value of $SHIB @Shibtoken top 1000. organized by #ETH Whale retrieves only $2B
Specifically $2,761,646,130 (18,260,127,622,912 .) #shib,
Whale Leaderboard: https://t.co/28TDZ6JFiD#sibsena #shibarse pic.twitter.com/aLpn1SkwDm
– WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 17, 2022
This was not the first purchase here. On 16 February, the WhaleStats platform tweeted a new list of crypto assets, comprising the largest portion of their holdings. meme cryptocurrency, shiba inu was in first placeTotal 16.74% value $1,701,965,649.
Furthermore, the crypto whale also ate Polygon for 19,919 MATIC tokens at an average of $36,735. In fact, the Metaverse game Decentraland broke the top-10 spot in the past week. Interestingly, Whales bought 5,502 MANA with an average drop of $18,505.
Overall, SHIB has made an interesting start to 2022. Despite some hiccups, it outperformed most altcoins as most of the assets were operating in the “red zone”. However, not everyone was on the same page. Binance Smart Chain (BSC) whales did not show as much enthusiasm for the second largest canine cryptocurrency.