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760 Billion SHIB on Move as SHIB Returns to Whales' Top 10 Holdings

Wed, 12/07/2022 - 13:00
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Yuri Molchan
Close to trillion Shiba Inu have been transferred, but top Ethereum whales have bought many times more SHIB than that
760 Billion SHIB on Move as SHIB Returns to Whales' Top 10 Holdings
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Data from Etherscan shows that in the past 20 hours, two astounding lumps of SHIB have been transferred, summing up to nearly 800 billion meme coins.

In the meantime, the interest of the top 100 Ethereum whales in that coin seems to have returned as SHIB is back on the list of the top 10 held crypto coins.

Close to 800 billion SHIB transferred

According to Etherscan, around 20 hours ago, a total of 760 billion SHIB were transferred in two chunks, along with a couple of much smaller transactions, carrying 50 billion meme coins each.

The biggest one, carrying 419,497,861,322 SHIB, was shoveled by the Binance exchange between its own wallets. That was most likely done as part of the proof-of-reserves audit suggested by CZ for Binance itself and for other crypto exchanges after the FTX crypto giant's founder Sam Bankman-Fried filed for insolvency in the early days of November.

The second transaction, 339,397,509,444 SHIB, was moved from one anonymous wallet to another. The sender's wallet now stands empty of SHIB tokens, while the receiver's address contains only the SHIB gained in the aforementioned transaction. This could be either a sale or a relocation of funds to a new wallet.

4.1 Billion XRP Moved from Bittrex Within Hour, Here's What May Be Happening

Top ETH whales buy 7.7 trillion SHIB

According to wallet tracking service WhaleStats, over the past 24 hours, the situation for Shiba Inu and the largest 100 wallets on Ethereum chain has radically changed.

If for the past three days, SHIB was not on the top 10, nor on the top 20 list of assets held by these whales, today it is back in top fifth place after Ethereum, USDT, USDC and stETH.

At the time of this writing, these largest whales on ETH contain $70,346,254 in meme crypto. This is the equivalent of a whopping 7,730,357,582,417 Shiba Inu.

Image via WhaleStats
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at