$24 million in SHIB seized by whales as SHIB regains 1st place among assets

Youri Molchan

Top Ethereum whales continue to pick up Shiba Inu, even managing to briefly return the coin to the top spot among their holdings

On-chain data service WhaleStats reported that the top 100 whales on the Ethereum chain continue to acquire large amounts of Shiba Inu.

In the last 24 hours, they bought another big chunk of SHIB, for a total of $57 million worth of SHIB over the weekend.

$24 million in SHIB added to whales’ wallets

According to data provided by the WhaleStats team, the top 100 investors who hold Ethereum-based coins have bought around $24 million worth of SHIB since Sunday. To date, a total of $202,286,128 in the second largest canine token has settled into their addresses.

SHIBwhales_00efweusfdewewi38
Image via WhaleStats

According to a tweet posted Sunday by WhaleStats, at the time the whales held $178,686,986 in Shiba Inu. On Sunday, SHIB even managed to regain the top spot in the top 10 assets. At present, however, the meme token has fallen to the fourth position. USDC and USDT stablecoins take the top two spots.

Ads

On Saturday, U.Today reported that, since Friday, the Whales had acquired $33 million worth of SHIB, meaning that overall over the weekend they increased their Shiba stash by one. equivalent of $57 million.

According to data shared by Santiment, over the weekend Shiba Inu demonstrated a sharp increase in transactions. Thus, the network recorded 430 SHIB transfers worth over $100,000.

SHIB overtakes DOGE by number of Twitter followers

As U.Today reported earlier, SHIB subscriber count has surpassed that of Dogecoin, the original meme digital currency. As of this writing, SHIB has 3.44 million followers on Twitter compared to 3.43 million following the Dogecoin account.

The Shiba Inu account thanked the SHIB Army, calling it “the best community ever” to celebrate this major new milestone.

Per FollowerAudit, the accounts of the two canine coins have about 10% fake accounts among their followers. For SHIB, this amount totals 10%, while for Dogecoin it is 8.7%.

A new milestone for the SHIB

Along with this milestone, SHIB is increasing the number of platforms that offer SHIB-based trading pairs to their clients. The most recent exchange that added SHIB is St. Vincent and the Grenadines-based BlueBit.io. This platform was founded in early 2022.

On August 7, the official account of this exchange asked its followers if they would like to see Shiba Inu in it.

Comments are closed.