Main navigation

Whales Grab 8.7 Trillion Shiba Inu in Past Week, SHIB Now Their Biggest Holding

Mon, 02/06/2023 - 16:22
article image
Yuri Molchan
While nearly 9 trillion SHIB have been bought by whales, another huge lump of meme coins moved recently
Whales Grab 8.7 Trillion Shiba Inu in Past Week, SHIB Now Their Biggest Holding
Cover image via

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.

Read U.TODAY on
Google News

Over the past week, top SHIB whales on Ethereum have accumulated a staggering amount of Shiba Inu worth roughly $128 million USD.

This has propelled the second largest meme canine token by market cap size to the top spot on the list of Ethereum whales' holdings.

8.7 trillion SHIB added in six days

WhaleStats on-chain data aggregator, which tracks major wallets on several blockchains, including Ethereum and BNB Chain, has published data showing that since Feb. 1, the 100 largest Ethereum investors have grabbed another massive chunk of meme crypto.

The U.S. Dollar equivalent of Shiba Inu held by them has jumped from roughly $599 million to $728,981,399. The new figure in fiat constitutes 8,749,145,591,250 Shiba Inu coins.

This is 18.5% of their comprised portfolio. SHIB now sits here in second place after Ethereum and is followed by stablecoins USDT (17.42%) and USDC (14.21%). Thus, SHIB is now the largest crypto asset in USD equivalent held by these wallets. Currently, it is also the most-traded token by the top whales on Ethereum.

Image via WhaleStats

SHIB Soars 30% Against Dogecoin (DOGE), While Funds Keep Shuffling Shiba Inu Tokens

3.2 trillion SHIB moved by anon address

Whale Alert reported that over the weekend, an astounding chunk of SHIB meme coins was transferred between two anonymous wallets. A total of 3,216,307,240,79 Shiba Inu was transferred from one address to another.

However, the size of the transfer may indicate that this was an internal transaction of a crypto exchange, although Whale Alert offered no details in that respect.

Last week, U.Today reported that Binance crypto trader shoveled a whopping 6 trillion SHIB in more than 10 transactions, each carrying 499 billion Shiba Inu meme coins.

article image
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