Top 500 Ethereum Whales Hold $133 Million Worth of SHIB Combined

Top 500 Ethereum Whales Hold $133 Million in SHIB

The top 500 Ethereum whales collectively hold over $133 million worth of SHIB, with the average whale holding approximately $133 million. This makes SHIB the largest asset in their portfolios, according to data from WhaleStats.

Portfolio Allocation of Top ETH Whales

The top 500 Ethereum whales have significant holdings in various cryptocurrencies, including:

• $78 million in LOCUS
• $75 million in MKR
• $70 million in BIT
• $61 million in UNI
• $44 million in LINK
• $40 million in MOC
• $37 million in BEST

SHIB's Position in Whale Portfolios

While SHIB is the top holding among the top 500 whales, it ranks fourth among the top 100 Ethereum whales, accounting for 5.16% of their portfolios. This indicates a varied investment strategy among larger and smaller whales.

Recent SHIB Transactions and Market Movements

Recent reports suggest increased activity in SHIB, with anonymous whales transferring and trading trillions of tokens. One notable transaction involved a whale moving 3.3 trillion SHIB to another wallet, though the exact nature of this transaction remains unclear.

The crypto market has shown resilience, regaining over $1 trillion in value. Memecoins like DOGE and SHIB have seen significant gains, with DOGE rising 18% and SHIB up 10% in the last 24 hours. SHIB is currently trading at $0.00001141, reflecting its volatility and speculative interest.

Conclusion

The top 500 Ethereum whales continue to show strong interest in SHIB, holding over $133 million worth of the token. While SHIB remains a smaller portion of the top 100 whales' portfolios, its recent price gains and high transaction activity highlight its enduring appeal in the crypto market.