Ethereum Whales Accumulate Staggering $422,000,000 of Shiba Inu in Less Than One Week: On-Chain Data

Ethereum Whales Accumulate Staggering $422,000,000 of Shiba Inu in Less Than One Week: On-Chain Data


New data reveals that the Shiba Inu (SHIB) holdings of the world’s largest Ethereum (ETH) whales have grown by hundreds of millions of dollars in less than a week.

According to whale-surveying platform WhaleStats, the top 1,000 ETH whales have gobbled up $422 million worth of the meme asset since January 17th.

Previously, it was reported that the same whales had about $168 million worth of SHIB, meaning they increased their holdings of the Dogecoin (DOGE) competitor by a staggering 151% in just four days.

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According to WhaleStats, the accumulation spree of Shiba Inu now has it ranked as most held digital asset by the top 1,000 ETH whales, excluding ETH itself and stablecoins Tether (USDT) and USD Coin (USDC).

At time of writing, SHIB

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