Ethereum Whales Accumulating Shiba Inu (SHIB): 496B SHIB and Growing!

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• Shiba Inu (SHIB) is the highest valued asset in the list with 496 billion SHIB.
• Ethereum (ETH) whales have been investing heavily in USDC, USDT and Shiba Inu (SHIB).
• The most recent transaction in SHIB was by BlueWhale0298 with 808,270,322 SHIB.

Shiba Inu (SHIB)

Shiba Inu holds the first position on the leaderboard with 496 billion SHIB. Amongst the top 10 holdings, three stablecoins can be witnessed. The most recent transaction in SHIB was by BlueWhale0298 with 808,270,322 SHIB.

Ethereum Whales

The top 100 whales having Ethereum (ETH) wallets are holding more ETH, USD Coin (USDC), and Tether (USDT), followed by Shiba Inu (SHIB). Average number of whale buyers accounts for 24, whereas the seller’s approximate count is 27. The margin between sell and buy volume is very minimal at $52 million. On 17th of March 2021 alone $561,247,274 was invested in total 1227 transactions.

Biggest Token Position By Dollar Value

Shiba Inu marks to be the “most traded token” as well as the “biggest token position by dollar value”. ETH whales bulked in and out of Pax Dollar worth $25 million in the last 24 hrs.

Average Amount Of Whale Holdings

The highly valued asset in the list is ETH with an average amount of $51 million while USDC and USDT are both around $7 million level each.

Conclusion

Ethereum whales have been actively buying into Shiba Inu and other stablecoins recently taking advantage of their low prices recently which suggests a potential increase of value over time when these coins start to rise again.