The Shiba Inu (SHIB) is one of the permanent members of the top ten most bought by Ethereum whales. These investors, who regularly hunt small-volume altcoins, seem to be on the hunt for different coins.
SHIB remains popular among Ethereum whales
Whale-watching bot WhaleStats tweeted in a new tweet that SHIB is among the ten most purchased crypto tokens by the top 5,000 ETH whales. The data also shows that whales are accumulating 5 small-volume altcoin projects. The cryptos that Whales bought the most in recent days were:
- Shiba Inu (SHIB)
- ScoreTracker
- ANT
- cnETH
- Polygon (MATIC)
- Covesting (COV)
JUST IN: $SHIB @Shibtoken now on top 10 purchased tokens among 5000 biggest #ETH whales in the last 24hrs 🐳
We've also got #SMARTCREDIT, $ANT, $cbETH, $MATIC & $COV on the list 👀
Whale leaderboard: https://t.co/kOhHps8XBB#SHIB #whalestats #babywhale #BBW pic.twitter.com/VXY80ZOStj
— WhaleStats (tracking crypto whales) (@WhaleStats) December 5, 2022
According to the data, tokens like Polygon, Wrapped Staked ETH (cbETH) and others were also among the most purchased by whales. SHIB, which is at the top of the list, continues to be the guest of huge whale operations.
According to data recently shared on Twitter, nearly a trillion SHIB were moved by anonymous whales in four heavy transactions.
Whale alert 🚨: 431,492,559,912 $SHIB transferred.
check details 👇🏻 https://t.co/xW19dt72ss— ShibaPlay (@shibaplay_) December 6, 2022
760 billion tokens in action as Shiba Inu returns to whales top 10 holdings
In a transaction dated December 7, Etherscan detected several massive transfers, each containing 50 billion SHIB. In these transfers, a total of 760 billion Shiba moved in two parts. The largest, carrying 419,497,861,322 Shiba, was by Binance among their respective wallets. This was likely done as part of a proposed proof-of-reserve audit for Binance itself and other crypto exchanges by CZ after Sam Bankman-Fried, the founder of the FTX crypto giant, filed for bankruptcy in the first days of November.
The second transaction, 339,397,509,444 Shiba, was moved from one anonymous wallet to another. There are currently no tokens left in the sender’s wallet.
According to WhaleStats, during the day, the status of the top 100 wallets on Shiba and the Ethereum network has changed radically. For the past three days, SHIB had strayed away from the top 10 list of these whales. At one point it pulled out of the top 20. Today, Ethereum is again in the top fifth after USDT, USDC and stETH.
Currently, these biggest whales in ETH are holding $70,346,254 Shiba Inu. This amount is equivalent to a gigantic 7,730,357,582,417 Shiba Inu. In terms of price, the meme token dropped to the $0.0000090 region on December 7. cryptocoin.comAs we covered in our analysis, this level represents a critical support zone.
