- The 262nd-largest Ethereum wallet acquired $34 million worth of SHIB.
- The top 1000 Ethereum wallets possess more than $1.155 billion in SHIB.
The wealthiest 1000 Ethereum wallets are absorbing meme currency Shiba Inu (SHIB) at an alarming pace. According to the whale-monitoring bot WhaleStats, the top Ethereum wallets bought SHIB worth $88 million in a single day.
It’s clear from their recent purchases that these investors don’t think the reign of dog-themed coins is gone just yet. Their aggregate accumulation of Shiba Inu has firmly established the currency as one of their favorites.
Optimistic Sentiments For SHIB
The 262nd-largest Ethereum wallet acquired more than $34 million worth of Shiba Inu 24 hours from that address. The 29th largest Ethereum wallet purchased almost $40 million worth of SHIB. Other Ethereum whales, on the other hand, have piled in, acquiring SHIB valued at $1 to $12 million. These whales have some of the highest Shiba Inu holdings, and their purchasing patterns indicate a positive feeling among the heavyweights in the market.
The market capitalization of the 14th-largest crypto asset has decreased by roughly 45 percent in the previous month. Dogecoin’s Ethereum-based rival, SHIB, is a meme token. The cryptocurrency may be used to pay for goods at various stores or on ShibaSwap, a decentralized exchange, for the purchase and staking of non-fungible tokens (NFTs).
Read More: Shiba Inu Price Prediction
According to WhaleStats, the top 1000 Ethereum wallets possess more than $1.155 billion in SHIB, representing 13.78 percent of their non-Ethereum (ETH) holdings. Only FTX Token (FTT) has a higher percentage of non-ETH assets, at 15.56 percent. According to CoinMarketCap, the Shiba Inu price today is $0.000021 USD with a 24-hour trading volume of $768,319,519 USD. Shiba Inu has been up 0.41% in the last 24 hours.
