Breaking: Top 1000 ETH Whales Own 48 Trillion Shiba Inu Coins Worth $2.3 Billion

Vinod Dsouza
Shiba Inu Whales
Source: Pixabay

Shiba Inu remains to be an undisputed king among the top 1000 ETH whales’ rich list. Latest data shows that the top 1000 ETH whales now own 48 trillion Shiba Inu coins worth $2.3 billion. The top 1000 ETH whales hold 14.79% of all Shiba Inu and FTX token comes at a distant second with 5.25%, reported WhaleStats.

Whales started taking entry position in SHIB during the last week of July and the trend has continued till November. The dog-themed token has delivered the desired results overtime and is selling like hot cake in the market. Even whales have been bitten by the ‘fear of missing out’ bug and have remained invested in SHIB.

Only a handful of whales have sold their holding and jumped ship while the majority of whales are holding on. Whales have made good use of the recent dips by adding bag loads of SHIB to their respective portfolios. In addition, the whales have increased their SHIB assets by 42% in the last 24 hours.

The whales took entry position hours before Kraken listed Shiba Inu and reaped all the gains it had to offer. In addition, whales saw their portfolio shoot +30% after the Kraken listing delivering good results in just a few hours.

Moreover, just prior to the Kraken listing, a whale purchased 24 billion Shiba Inu coins worth a staggering $110 million. Hours later, the token headed north to +30% giving the whale value for every buck.

Also, on November 23, a Shiba Inu whale purchased 850 billion coins worth $36 million during the dip. On November 17, a first-time SHIB investor whale picked up 170 billion SHIB coins worth $8 million during the dip.

The recent whale movements give rise to questions such as, ‘Do whales know something which the common investor doesn’t?’

Shiba Inu : The An Undisputed King

Shiba Inu took over Dogecoin’s spotlight during the second half of 2021 and basked in the sunshine with all its glory. SHIB is now the second most talked about cryptocurrency on Twitter with a total of 4.02 million mentions.

However, it is only second to Bitcoin which has references to more than 10 million mentions on social media. Even Dogecoin is among the top 5 most mentioned cryptos along with Ethereum and PancakeSwap (CAKE).

SHIB has also seen significant growth on Twitter and commands 2.1 million followers. The numbers are only growing each day and could beat its rivals in the coming months.

At the time of publishing, Shiba Inu was trading at $0.00005048 and is up +29.43% in the days trade. The coin is displaying extreme bullish sentiments and its price can propel to new highs again in the coming months.