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SHIB Flips FTX to Be Biggest Token Position by USD Value Among Top ETH Whales

Thu, 01/27/2022 - 09:40
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Yuri Molchan
SHIB has overtaken FTX as biggest coin by USD value among the largest ETH whales
SHIB Flips FTX to Be Biggest Token Position by USD Value Among Top ETH Whales
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SHIB and FTT keep flipping each other as the largest token by dollar value by the top 1,000 ETH whales. SHIB has surpassed FTT coin this time.

Besides, the number of wallets holding SHIB has reached a new record, surpassing 1.160 million.

ETH whales again betting on SHIB

WhaleStats has reported that Shiba Inu meme cryptocurrency has overtaken FTT (the native token of the FTX exchange) as an asset that constitutes the biggest USD value in the wallets of the top 1,000 Ethereum whales.

The total holding value of SHIB in USD constitutes a whopping $1,665,876,442.

However, the data shared in the tweet has changed quite fast, and FTX is now back above SHIB. The amount of FTX held by the top 1,000 Ethereum whales totals 15.51% worth $1,298,234,838 (the second largest holding after Ether).

As for SHIB, the percentage held by ETH whales is 13.66%, and it amounts to $1,143,412,179.

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SHIB holder number hits new record

WhaleStats has also reported that the number of people holding Shiba Inu has reached a new record figure of 1,160,123.

According to data shared on Twitter, the largest 1,000 ETH whale wallets now hold a staggering 55,732,495,492,864 SHIB tokens, which is equal to $1,202,858,432 in fiat currency.

156.3 million SHIB burned in past three days

The Shiba Inu community keeps removing SHIB from circulation. Per data shed by Etherscan, over the past three days, 156.3 million tokens have been permanently locked in a non-spendable wallet for good.

The largest transfers that burned SHIB carried 30,000,000 and 20,000,000 tokens.

Over the past 24 hours, 88,883,275 SHIB were incinerated, according to data shared by Twitter account @shibburn. It took 11 transactions.

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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 yuri.molchan@u.today.