Popular meme token SHIB has reemerged on list of assets that ETH whales are buying eagerly
As reported by popular wallet tracker WhaleStats, over the past 24 hours, SHIB, the second largest canine coin, has climbed back into the top 10 list of most bought cryptocurrencies on the Ethereum chain.
In the meantime, large movements of SHIB have been spotted as whales have been buying and selling big chunks of Shiba Inu coins.
SHIB in short turns into the most bought asset
According to a tweet posted by WhaleStats on December 5, the leading meme coin SHIB was spotted among the top 10 cryptocurrencies most hunted by the largest 5,000 Ethereum whales.
Among the other altcoins on that list were MATIC, cbETH and others. By now, however, SHIB cannot be seen on this top list of whales’ favorites. Now, it includes APE, DAI and stETH.
However, in the last 20 hours, the whales have scooped up nearly one trillion Shiba Inus, as reported earlier by u.today. Some of these tokens were sold on Binance, and some were moved to newly created wallets.
Nearly half a billion SHIB were wired by the Binance exchange between its own wallets as part of the proof-of-reserves (PoR) audit that Binance initiated for itself and all other respectable crypto exchanges after the collapse of FTX and its subsidiary trading firm, Alameda Research.
ETH whales have dumped all their SHIB
As covered by U.Today on Monday, the top 100 investors on Ethereum no longer hold significant amounts of SHIB in their wallets.
As per the table of crypto assets held by the largest wallets on Ethereum, SHIB is no longer not among the top 10 holdings but not even among the top 20.
Now, the majority of his contained portfolio consists of stablecoins USDC and USDT, with coins such as DAI and wrapped bitcoin following him on the list of largest holdings.
