Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
While Shib has not been showing any massive price surges recently, large Ethereum whales continue to acquire it, taking profits on small rises in the exchange rate.
Thus, over the past two days, whales have purchased almost $4 million worth of this canine token.
175 billion SHIB bought by these top investors
WhaleStats data platform, which tracks the largest wallets on several chains, including Ethereum and BNB Chain, has shared the details of two big purchases of the Shiba Inu meme token made earlier today and on April 27.
Both transactions were made by the owner of the "BlueWhale0073" wallet, carrying 70 billion SHIB yesterday and a total of 100,469,653,862 Shiba earlier today. The fiat equivalents of these crypto amounts are $1,619,800 and $2,329,891, respectively.
SHIB recovers top holding position from FTT
The WhaleStats website has shared that just now Shiba Inu has recovered the position of the largest holding among Ethereum investors. Previously, the token had lost it to FTX Token (FTT), its regular rival for this honorable spot.
At the moment, SHIB is the whales' largest crypto holding by USD value, MATIC is the most widely held token and UMA is the most-traded one.
The amount of SHIB held by whales constitutes 18.38% of their comprised portfolio—that is 46,163,625,767,697 Shiba tokens worth $1,075,689,905.
The amount of FTT owned by the ETH whales at the time of writing is 24,493,640 coins, worth slightly less than a billion USD.