Popular meme cryptocurrency has recovered status of biggest whale holding after losing it on Sunday, while this whale grabs another 52 billion SHIB
According to crypto tracker WhaleStats which tracks the 100 largest wallets on the Ethereum network, Shiba Inu has once again become the largest token by USD value among owners of these crypto addresses, pushing FTX Token away from that spot.
In the meantime, one of the major ETH whales has added another 52 billion SHIB to his wallet.
SHIB pushes FTX from the biggest hold position
On Sunday, U.Today covered that the second-largest canine cryptocurrency, Shiba Inu, was moved from the position of the largest USD value token held by the largest ETH investors to FTX Token (FTT).
This native coin of the FTX crypto exchange has always held position two after SHIB and, from time to time, it manages to capture the number one spot, pushing SHIB backwards.
However, for the past two weeks, SHIB has held the top spot almost every day in a row, so Sunday was the first time recently that FTT kicked Shiba out.
Now, the meme token is back in its position as the leading investment for whales.
LINK, another coin that often vies with Shiba Inu for highest USD holding status, is currently the most widely held token for whales, while GALA is the most traded cryptocurrency.
At press time, the 100 biggest Ethereum whales own $1,236,201,017 worth of SHIB. This amount of USD totals 53,361,146,785,247 canine tokens.
ETH whales continue to buy large chunks of SHIB
On Saturday, U.Today covered that fifth-ranked ETH investor “BlueWhale0073” grabbed another big Shiba Inu chunk – 86,679,001,529 tokens worth $2,111,500 at the exchange rate on the day of trading. ‘acquisition.
Previously in April, this investor bought a whopping 1.17 trillion Shiba Inu, outstripping other whales who were buying SHIB too: “Bombur” and “Light.” The latter proudly holds first place on WhaleStats’ scale of ETH investors.
However, “BlueWhale0073” and other whales that buy a lot of SHIBs often sell their crypto holdings even almost immediately, making big profits on fluctuations in the price of the coin.
52 billion SHIB bought just now
Earlier today, Shiba Inu printed several large red hourly candles, dropping 5.59% on the Binance exchange.
Now the coin is trading at $0.00002273, which gives whales another good opportunity to buy the dip and sell it when the price rises.
A few minutes ago, WhaleStats published a tweet, spreading the world about the “Bombur” whale buying a total of 51,799,991,288 Shiba Inu. This purchase of meme coins cost this investor $1,178,967.
