Mon, May 6

SHIB Dethrones FTX From #1 Spot as Largest Holding Among Top 1K Whales

SHIB Dethrones FTX From #1 Spot as Largest Holding Among Top 1K Whales Altcoin News
  • When it comes to FTX, its total value is $1,589,842,818 in US dollars.
  • The SHIB army has destroyed approximately four billion SHIB tokens.

When it comes to cryptocurrency assets, SHIB lately reclaimed the top spot among the 1,000 most valuable ETH tokens in terms of USD value, overtaking the FTX token. After FTX attempted to do the same with SHIB, meme cryptocurrency SHIB retaliated. A recent tweet from WhaleStats said that the 1,000 most valuable FTX tokens owned by the top 1,000 Ethereum whales totaled $1,606,812,247.

SHIB, on the other hand, rose to the top of these whales’ wallets after an update to the data on WhaleStats. SHIB is currently valued at $1,874,858,006 to the top 1,000 Ethereum whales, according to the data. More than a quarter of a billion of these tokens are held by the typical cryptocurrency user in their wallets.

Billions of SHIB Burnt

When it comes to FTX, its total value is $1,589,842,818 in US dollars. These wallets have $158,791,856 worth of Ethereum in dollars. UNI remains the most popular token among these whales.

Source: WhaleStats

WhaleStats have also revealed that the SHIB army has gained a stunning 100,000 new members at the moment. SHIB owners have officially surpassed 1 million, according to the monitoring project’s website, and the total number of SHIB owners is currently 1,100,357.

Tokens were sent to a “dead address” from Dec. 20 through Dec. 26 that can no longer be spent or withdrawn, permanently removing them from circulation. The SHIB army has destroyed approximately four billion SHIB tokens since Dec. 1.

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.