Shiba Inu Is Now Biggest USD Position in Whale Wallets: Details

Date:

SHIB once again claims the top as the biggest holding on whale addresses

Contents

  • Shiba Inu is back in business
  • SHIB market data shines green

Shiba Inu has once broken the $1.5 billion threshold in capitalization on whale-tier wallets and became the biggest holding among the 1,000 largest Ethereum addresses on the Ethereum network.

Shiba Inu is back in business

According to data provided by WhaleStats, Shiba Inu holdings in whales’ wallets are now valued at $1.67 billion, while second place on the tracker, FTT token, has holdings valued at $1.5 billion.

The $170 million margin has been reached due to the strong market performance of the SHIB token. The meme-based cryptocurrency has gained 20% of its value in the last three days in addition to a new wave of buying power incoming from whale-tier addresses.

As data suggests, the most recent large purchase was made by the “Light” whale that grabbed almost 60 billion tokens.

SHIB market data shines green

In addition to SHIB token becoming the biggest USD-valued holding on whale wallets, its market data indicators have all entered the green zone, showing a presence of potentially bullish sentiment around the token.

Shiba Inu Data
Source: WhaleStats

The trading volume indicator for SHIB is showing a 150% increase compared to the same value 24 hours ago. Current trading volumes are at $21 million for whale-tier addresses and $1.7 billion in total.

Another substantial indicator for tokens like Shiba Inu, Net Flow, is also showing a 135% increase at press time. The metric tracks the flow of Shiba Inu tokens on large addresses. As data suggests, no selling activity is currently trackable on Shiba Inu.

At press time, SHIB trades at $0.000032 with 2.1% daily growth and a 20% price increase in the last three days.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

BlackRock’s Crypto Address Had Only One Token That Almost No One Knew About

Contents What Is Energy Web Token?What Is happening with...

Ethereum On-chain Activity Reaches 5 Years Low, but There Is Nothing Wrong With It

Ethereum's on-chain activity is down massively, but it could...

AVAX: What buyers must and must not do to provoke volatility

Disclaimer: The findings of the following analysis are the sole...

DR Congo opens oil and gas auction round to carbon credit and crypto groups

The Democratic Republic of Congo will allow carbon credit...