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.
An Ethereum whale, "Light," ranking fourth biggest on WhaleStats, has increased his holdings by buying 1,337,000 MATIC tokens, or $3,315,760 worth. Polygon (MATIC) ranks 14th largest after Shiba Inu, according to CoinMarketCap data. At press time, MATIC was trading at $2.49, down 2.48% in the last 24 hours.
? ETH whale "Light" just bought 1,337,000 $matic ($3,315,760 USD).
— WhaleStats - the top 1000 Ethereum richlist (@WhaleStats) January 3, 2022
Ranked #4 on WhaleStats: https://t.co/g2Ri3NWSgL
Transaction: https://t.co/6BfLCyXoIN#ethereum #whalestats
Data provided by WhaleStats shows that the "Light" whale still bets mostly on Shiba Inu. The dog-themed token takes up 27.31% of his portfolio, worth a total of $4,705,346,887.
Shiba Inu comes top among the whale's token holdings, with a balance of 38 trillion Shiba Inu tokens, or $1,285,129,470 worth held.
PornHub DAO comes in second with 20.37%, followed by Ethereum at 13.62%, worth $640,886,140. The whale also holds CRO, Enjin Coin, USDT, WBTC and other coins.
Shiba Inu whales steadily increase holdings
The top 100 Shiba Inu holders have likewise increased their portfolios as WhaleStats reports a 2.36% rise in the average SHIB balance of this category of investors. The average SHIB value has also grown by 3.4%, while the 24-hour volume has risen by 519.55% to $21,368,644 at press time.
Shiba Inu active addresses among the top 100 have increased by 16.67% in the last 24 hours as SHIB upholds its top place as the biggest token position by dollar value.
The Shiba Inu network is also growing by welcoming more than 114,450 new users after reaching the one million mark a little over a month ago, bringing the current holder count to 1,114,450.
From the standpoint of fundamental growth, many holders are a key determinant of the asset's future. Shiba Inu is trading marginally down at $0.0000334 as the price consolidates its next move for 2022.
Alex Dovbnya
Arman Shirinyan
Dan Burgin
U.Today Editorial Team
Vladislav Sopov