Ethereum Whale with 38 Trillion SHIB Buys 1.3 Million MATIC Tokens

MATIC

1.3 million MATIC tokens bought by the Ethereum whale with 38 trillion Shiba Inu coins

An Ethereum whale, “Light,” ranking fourth biggest on WhaleStats, has increased his holdings by buying 1,337,000 MATIC tokens, or $3,315,760 worth. Polygon (MATIC) ranks 14th largest after Shiba Inu, according to CoinMarketCap data. At press time, MATIC was trading at $2.49, down 2.48% in the last 24 hours.

Data provided by WhaleStats shows that the “light” whale still mainly bets on Shiba Inu. The dog-themed token occupies 27.31% of his wallet, with a total value of $ 4,705,346,887.

Shiba Inu comes top among the whale’s token holdings, with a balance of 38 trillion Shiba Inu tokens, or $1,285,129,470 worth held.

PornHub DAO comes in second with 20.37%, followed by Ethereum at 13.62%, valued at $ 640,886,140. The whale also holds CRO, Enjin Coin, USDT, WBTC, and other coins.

Shiba Inu whales steadily increase holdings

The top 100 Shiba Inu holders have likewise increased their portfolios as WhaleStats reports a 2.36% rise in the average SHIB balance of this category of investors. The average SHIB value has also grown by 3.4%, while the 24-hour volume has risen by 519.55% to $21,368,644 at press time.

Active Shiba Inu addresses in the top 100 have grown 16.67% in the past 24 hours as SHIB maintains its top spot as the largest token position in dollar value.

The Shiba Inu network is also growing by welcoming more than 114,450 new users after reaching the one million mark a little over a month ago, bringing the current holder count to 1,114,450.

From a fundamental growth perspective, many holders are a key determinant of the asset’s future. Shiba Inu is trading slightly lower at $ 0.0000334 as price consolidates its next move for 2022.

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