$24 Million in SHIB Grabbed by Whales as SHIB Regains 1st Place Among Assets

Shiba Inu

Top Ethereum whales continue to scoop up Shiba Inu, even managing to push coin back to first place among their holdings briefly

WhaleStats on-chain data service reports that the top 100 whales on the Ethereum chain continue to acquire Shiba Inu in large quantities.

Over the past 24 hours, they have bought another massive lump of SHIB, a total of $57 million worth of SHIB over the weekend.

$24 million added to whale’s purse at SHIB

According to data provided by the WhaleStats team, the top 100 investors holding the Ethereum-based coin have bought SHIB worth around $24 million since Sunday. So far, a total of $202,286,128 in the second largest canine token has settled at his address.

Per a tweet published on Sunday by WhaleStats, back then, the whales held $178,686,986 in Shiba Inu. On Sunday, SHIB even managed to recapture first place on the top 10 asset list. By now, though, the meme token has dropped down to the fourth position. USDC and USDT stablecoins are sitting in the first two spots.

On Saturday, U.Today reported that, as of Friday, Whale had acquired $33 million worth of SHIB, meaning that in total, over the weekend, they have increased their SHIB stash by the equivalent of $57 million.

According to data shared by Santiment, over the weekend, Shiba Inu demonstrated a serious spike in the number of transactions. Thus, the network witnessed 430 SHIB transfers worth more than $100,000.

SHIB surpasses DOGE in number of Twitter followers

As previously reported by U.Today, the number of followers of SHIB, the native meme digital currency, has exceeded Dogecoin. At the time of writing, SHIB has 3.44 million Twitter followers, while 3.43 million follow the Dogecoin account.

The Shiba Inu account has thanked the SHIB army, calling it “the best community ever” to celebrate this new major milestone.

Per FollowerAudit, both Canine Coin accounts account for about 10% of fake accounts among their followers. For SHIB, this amount is 10% of the total, while for Dogecoin it is 8.7%.

Another milestone for SHIB achieved

Aside from this milestone, SHIB expands the number of platforms that offer their clients SHIB-based trading pairs. The most recent exchange that has added SHIB is BlueBit.io based in St. Vincent and the Grenadines. This platform was founded in early 2022.

On August 7, the official account of this exchange asked its followers if they would like to see the Shiba Inu listed there.


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