Shiba Inu Holders Reached New ATH, Briefly Regains Top Spot Flipping FTT Token

• Traders are buying declines in SHIB, as seen by the new ATH in wallet holdings.
• Crypto whales seized the opportunity to buy 3.6 trillion Shiba Inu tokens.

There has been a steady rise in the number of unique addresses holding Shiba Inu (SHIB), a popular meme cryptocurrency. An analytics website, WhaleStats provided statistics revealing a record-breaking 1,160,123 Shiba Inu owners, beating the previous record of 1,145,212 established two weeks prior.

There has also been a spike in the quantity of Shiba Inu (SHIB) owned by the top 1,000 Ethereum wallets, according to WhaleStats. The top 1,000 Ethereum wallets now hold a combined 55,732,495,492,864 SHIB (55 Trillion), currently worth $1,202,858,432 USD.

Read More: Shiba Inu Price Prediction

Regained Top Spot But Could Not Hold

Traders are buying declines in SHIB, as seen by the new all-time high in wallet holdings. The growth of holders is a positive indicator, as it indicates that investors have faith in the coins and are willing to buy them when the price drops. This morning, WhaleStats revealed that SHIB had flipped FTX token (FTT), making it the largest token holding in terms of dollar value, $1.67 billion. The top 1,000 Ethereum wallets holding SHIB values fell, however, to $1.23 billion later, allowing FTT to retake the title of largest token in terms of monetary value.

The SHIB community has grown significantly since the recent market meltdown, according to current occurrences. Early traders have reaped huge rewards thanks to Shiba Inu after its debut in 2020. Some others took advantage of the recent drop in price to buy the token they missed out on while it was reasonably inexpensive. Crypto whales seized the opportunity to buy 3.6 trillion Shiba Inu tokens, which were valued at $73.4 million at the time, only two days ago.

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