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The crypto market seems to be doing pretty well starting the week on a good side. Although BTC is slightly down as of the time of this writeup, it is still trading above the $50k close to the support level. ETH also remains strong on the market consolidating at $4k despite a low outflow volume in exchanges.

While the market is still undergoing correction, WhaleStats has shared some interesting data about Ether whales. According to a tweet from the crypto and whale tracker, meme coin and Dogecoin killer SHIB holds the largest position on ETH whale wallets. 

Shiba Inu holds a buy position of $4,309,216 and a sell position of $2,637,763. According to the data, SHIB is now the biggest virtual currency among the top ten Ether whale wallets, surpassing ETH, MATIC, and OKB.

Whale Traders Continue to Acquire SHIB

WhaleStats examined the buying power of the top ten Ether whale wallets that hold the meme coin and disclosed the results. The analysis points out that the Shiba Inu balance in these large wallets is approximately 2.6B, with the value put at $100M using today’s intratrading market. 

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Ethereum came second in terms of holdings, with a little above 5k ETH held in the whale wallets. The total value of the ETH according to today’s market is approximately $20.6M. MATIC came third with a balance of 2.84M tokens worth $8.1M. 

Still on the data provided by WhaleStats, the first two wallets hold about $1.5B worth of the meme token each (the first wallet holds 38.1B SHIB while the second large whale wallet possesses around 40.5B). The second wallet has had a history of buying SHIB. Earlier this month, the wallet bought $5M worth of Shiba Inu.   

The remaining whale wallets in the top ten possess about 10 billion Shiba Inu worth around $381 million. 

Anonymous Whale Adds 11.5B SHIB To Its Holdings

According to Etherscan, an anonymous whale has been acquiring SHIB in the last 18 hours. The whale trader acquired over 11.5B Shiba Inu in the last sixty minutes at $443k using the current SHIB/USD rate. 

The whale trader also made purchases of over 14B SHIB tokens within the 18-hour period and transferred 25B meme coins to other wallets. The wallet is showing a balance of 468B Shiba Inu tokens currently worth approximately $17.9M. 

According to today’s trading market, the joke coin made a 2% gain in the market, pushing around at $0.00003805. As it stands, the crypto is 55% off its ATH, a figure it once attained two months ago. 

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Alicia Maher

By Alicia Maher

Alicia Maher is an accomplished news writer with a passion for storytelling. With years of experience in the field, she is skilled at delivering accurate, engaging, and insightful news coverage to her audience.