Shiba Inu has surpassed FTT as the token with the biggest USD value for top Ethereum whales; here’s how much SHIB they are holding now
A recent WhaleStats report shows that the top 500 investors in Ethereum and ERC-20 tokens now prefer SHIB over FTT as the largest holding.
These whales continue to acquire Shiba Inu. Earlier, U.Today covered that an anonymous ETH whale had purchased over 49 billion SHIB and now holds roughly 4.4 trillion of these meme tokens.
SHIB returns FTT to whale stocks
WhaleStats reported that SHIB once again outperformed a rival coin in ETH whale wallets to become their first largest holding after Ethereum.
According to the website of on-chain data service WhaleStats, SHIB has taken the place of FTT that this coin had occupied as the largest token by USD value.
This means that Shiba Inu is now the whale’s biggest investment after the second most popular coin, Ethereum.
The overall amount of SHIB owned by these investors at press time is worth a whopping $1,575,374,992. That is $71,316,206,066,093, which is 17.09% of their cumulative portfolio.
As for FTT, the second largest investment at the moment, these whales hold $1,486,956,172 in this token, or 16.74% of the whales’ wallets. FTT is followed by the second largest USD-backed stablecoin by market cap, USDC.
The amount of USDC held by top ETH whales totals $904,517,905. That is 10.18% from the overall amount invested in crypto assets by them.
Here’s how many SHIBs ETH’s #1 whale has
The Ethereum Whale List from WhaleStats shows that spot 1 is held by a wallet called “Light”. The owner of this crypto address currently holds a total of $4,340,397,690 worth of ERC-20 tokens. The SHIB percentage here is 8.76, which includes $983,510,910.
Shiba Inu price action
On March 13, the second biggest canine crypto, SHIB, printed a massive red hourly candle, which pushed its price down 4.02%. Earlier today, the meme coin began a small recovery, rising 4.62%.
As of this writing, SHIB is trading at $0.00002204 against USDT on the Binance exchange.
