SHIB Returns as Whales’ Biggest Holding and One of Most Purchased Assets

According to a recent tweet posted by WhaleStats on-chain data service, the 100 largest whales invested in Ethereum-based tokens have again been accumulating massive quantities of Shiba Inu.

As of this writing, the second largest meme cryptocurrency comprises the biggest part of their portfolio.

JUST IN: $SHIB @Shibtoken is back on top 10 purchased tokens among 5000 biggest #ETH whales in the last 24hrs 🐳

We've also got #FTX Token, $LINK, $AAVE, $SNX & $MATIC on the list 👀

Whale leaderboard: https://t.co/kOhHprRmd1#SHIB #whalestats #babywhale #BBW pic.twitter.com/cU6phk3WLC

— WhaleStats (free data on crypto whales) (@WhaleStats) July 16, 2022

SHIB emerges as whales’ largest asset

The tweet published by the aforementioned data platform shows that Shiba Inu has entered the top ten list of the most purchased digital assets on the Ethereum chain.

According to the website of this platform, SHIB is also the largest cryptocurrency held by these whales in the USD equivalent.

Whales have been accumulating Shiba Inu recently and now their comprised portfolio contains 22.35 percent of this popular meme token, which is equal to a $559,974,432 worth of it.

Among the tokens that are sitting next to Shiba Inu in the portfolio is Chainlink’s native token LINK. At the moment, this is the most-traded ERC-20 token, while BAT is the most widely held token.

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Whale grabs nearly billion SHIB

A week ago, U.Today covered that a major Ethereum investor “Gimli” who named his wallet after one of the key dwarf characters of Tolkien’s iconic novel “The Lord of the Rings” acquired a whopping 750 billion SHIB coins, moving them to his wallet in three transactions by 250 billion coins each.

In total, this investor paid a staggering $8.4 million for this amount of meme coins.