Overall balance of Shiba Inu held by Ethereum whales has plunged massively, while this whale has grabbed 300 billion meme tokens
While SHIB remains the largest holding of the top 100 ETH whales in USD equivalent, the supply of the second-largest cryptocurrency held by these investors has seen a substantial drop, falling below the $1 billion equivalent.
In the meantime, one of the whales has risked buying a staggering chunk of Shiba Inu—301 billion tokens.
Whale’s SHIB balance dwindles but coin remains #1 asset
According to the main page of the WhaleStats website, which lists the 100 largest Ethereum wallets, Shiba Inu remains the number one crypto asset for the largest wallets on the Ethereum chain.
However, compared to May 2, their SHIB balance has faced a significant decline, dropping from slightly over $1 billion to a total of $983,338,440.
Last week, the supply of Shiba held by these investors fluctuated between $1.4 billion and $1.2 billion, after gradually dwindling as the whales slowly but surely sold off their SHIB.
Compared to Monday, the percentage of SHIB held by Ethereum whales in their comprised portfolio has dropped from 15.34% to 15.32%.
FTX Token remains the second largest holding of ETH whales – 13.78% of their portfolio – but it also declined slightly from Monday, dropping from $894,267,385 to $885,113,460 of this asset.
This whale grabs 300 billion Shiba
Almost 16 hours ago, whale “BlueWhale0073” acquired a record lump of 300,997,019,465 Shiba Inu canine tokens.
This is the equivalent of $6,149,369. The most important holdings of this whale are USDT, USDC stablecoins, MATIC, LINK and UNI.
At press time, the whale holds zero SHIB. The token is changing hands at $0.00002081, as per data shared by CoinMarketCap.
On May 2, SHIB printed a decline of 6.25%, where the aforementioned whale bought the 301 billion SHIB. After that, the token added 3.19%, which was likely the point at which “BlueWhale0073” sold his Shiba Inu.
