Whales continue to accumulate the second largest meme coin and make a profit on it, grabbing almost 171 billion Shiba Inu within two days
While Shib hasn’t shown a massive price surge recently, Ethereum big whales continue to acquire it, taking profits on small increases in the exchange rate.
Thus, over the past two days, whales have purchased almost $4 million worth of this canine token.
175 billion SHIB bought by these big investors
Data platform WhaleStats, which tracks the biggest wallets of several chains including Ethereum and BNB Chain, shared details of two large purchases of the Shiba Inu token made earlier today and on April 27.
Both transactions were made by the owner of the “BlueWhale0073” wallet, carrying 70 billion SHIB yesterday and a total of 100,469,653,862 Shiba earlier today. The fiat equivalents of these crypto amounts are $1,619,800 and $2,329,891, respectively.
SHIB reclaims top position from FTT
The WhaleStats website shared that just now Shiba Inu reclaimed the position of the largest holding among Ethereum investors. Previously, the token lost it to FTX Token (FTT), its regular rival for that honorable spot.
At the moment, SHIB is the whales’ largest crypto holding by USD value, MATIC is the most widely held token and UMA is the most-traded one.
The amount of SHIB held by the whales constitutes 18.38% of their compound portfolio, which is 46,163,625,767,697 Shiba tokens worth $1,075,689,905.
The amount of FTT owned by the ETH whales at the time of writing is 24,493,640 coins, worth slightly less than a billion USD.
