Shiba Inu and Ethereum are among top 10 assets purchased by whales
By WhalesStats data, in the past few hours whales have grabbed assets such as Ethereum and Shiba Inu as the crypto market plunged.
On-chain data provider WhaleStats recently provided an analysis of the top 10 purchased tokens by Ethereum whales over the past 24 hours. Shiba Inu and Ethereum, alongside stablecoins USDC, USDT and BUSD, are among those on the list.
Although several transactions involving the purchase of different tokens were reported by the blockchain data tracker, the most recent ETH transaction was that of a FTM Whale acquire 1,796 ETH, or $4,604,203.
Another whale had bought 1,180 ETH, or $3,078,715, as Ethereum appears as one of the top purchased tokens over the last 24 hours.
According to data from IntoTheBlock, Shiba Inu whales have become more active over the past 24 hours, with the number of large transactions increasing by 16%. Large transaction spikes often indicate high activity among institutional players, or whales, buying or selling.
The top 100 Shiba Inu holders have likewise increased their portfolios, as WhaleStats reports a 125.74% rise in the average SHIB balance of this category of investor. The average SHIB value of their portfolio has also grown by 112.74%.
Shiba Inu highlights growth in recent report
Despite launching in August 2020, SHIB has seen widespread adoption, with the number of holders reaching 1,196,806, according to data from WhaleStats.
As highlighted in a recent report published on the official Shiba Inu blog, the massive adoption of SHIB has contributed significantly to the surge of Shiba Inu’s price by a whopping 46,000,000% in 2021, the report highlights.
With a strong community behind the Shiba Inu project, cryptocurrency exchanges have no choice but to make the coin available for trading on their platform. SHIB is now listed on over 100 exchanges, including Coinbase, Kraken, KuCoin, Crypto.com, Binance and others.
SHIB trades at $0.0000223 at press time.
