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Due to the anticipated Shibarium Layer-2 technology release, Shiba Inu has recently held the top spot among whales. According to on-chain data, Curve DAO Token has recently been the most exchanged token among whales.

Shiba Inu Dethroned by CRV Token

On Tuesday, WhaleStats tweeted that the Curve Dao token had overtaken Shiba Inu and became the most exchanged token amongst the 500 largest Ethereum whales. Additionally, among the 100 largest ETH whales, CRV climbed and became one of the ten highly acquired tokens over the previous 24 hours.

The top 2000 ETH whales have also shown interest in the token during the past 24 hours. Nevertheless, SHIB still has a greater market cap and more tokens in circulation than CRV.

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Shiba Inu have seen a significant drop in value during the past year. Following intense whale selloffs, its price drastically dropped. SHIB currently trades at $0.00001143, up roughly 6.9% over the previous 24 hours.

By comparison, the price of CRV increased by a staggering 70% over the last 14 days, nearly doubling its price during this period. However, its current market price is $0.904, down 3.1% in the last 24 hours.

Whales Accumulate More SHIB Tokens As Shibarium Beta Launch Draws Close

The community of Shiba Inu holders eagerly anticipates Shibarium Beta’s debut at the beginning of 2023. The BONE and SHIB coins which belong to the Shiba Inu ecosystem, have recorded significant gains in recent days after the announcement.

Although SHIB has lost its title as the most actively traded token, it remains the whales’ favorite meme coin. SHIB is among the ten best tokens bought in the past 24 hours by the leading 100 Ethereum whales.

In a related development, Cointree, a top Australian cryptocurrency exchange, has announced the listing of two widely popular altcoins (SHIB and LUNC). According to the announcement, Cointree is listing the meme coin following its success records recently, while it is listing LUNC because of its social media popularity lately.

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George Ward

By George Ward

George Ward is a crypto journalist and market analyst at Herald Sheets, known for his engaging articles on the latest digital currency trends. With a background in finance and journalism, he presents complex topics accessibly. George holds a degree in Business and Finance from the University of Cambridge.