Top 1000 ETH wallets hold $2 billion SHIB, but what does it mean for traders

Deep-pocketed crypto buyers on the sensible contract platform Ethereum (ETH) have been trending within the information with their acquisition. The high 1,000 whales by property elevated their publicity to the meme-inspired cryptocurrency Shiba Inu (SHIB).

Shopping spree

New knowledge from WhaleStats on 17 February showcased that ETH whales’ holdings surpassed the $2 billion mark as SHIB topped the checklist of altcoins by whole holdings. The high 1000 ETH wallets have been holding 18,266,568,894,208 SHIB tokens. This amounted to $2,604,410,281 at press time.

This wasn’t the primary procuring foray right here. On 16 February, the WhaleStats platform tweeted a recent checklist of crypto property, comprising the most important elements of their holdings. Meme cryptocurrency, Shiba Inu was in the first place, totaling 16.74% price $1,701,965,649.

Apart from this, the crypto whales additionally devoured Polygon at a mean of $36,735 for 19,919 MATIC tokens. In reality, metaverse recreation Decentraland cracked the top-10 spot over the past week. Interestingly, the whales dropped $18,505 on common to buy 5,502 MANA.

Overall, SHIB has had an attention-grabbing begin to 2022. Despite a couple of hiccups, it outperformed a majority of altcoins as many of the property have been transferring within the “pink zone”. However, not everybody was on the identical web page. Binance Smart Chain (BSC) whales didn’t fairly present the identical enthusiasm in direction of the second-largest canine cryptocurrency.

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About the Author: Daniel