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SHIB Passes FTX for Biggest Holding by USD Among Top 500 Whales

FTX flips SHIB Shiba Inu News
  • SHIB just flipped FTT for the biggest holding by dollars among the top 500 ETH whales.
  • SHIB has a USD value of over $840 million.
  • Shiba Inu (SHIB) has gained interest and massive popularity among whales.

Shiba Inu (SHIB) recently flipped FTX Token (FTT) for the biggest holding by dollars among the top 500 Ethereum whales, according to a recent tweet by the crypto whale tracking platform, WhaleStats.

SHIB has reached the most traded coins over FTT today, May 24, as investors continue to accumulate. Its price has risen steadily over the last few weeks, with whales driving the price up. As determined by the ETH whales tracker, SHIB currently has a USD value of over $840 million.

According to an Indian Express article published a few days ago, Shiba Inu is the most held token among the wealthiest ETH whales. Following the recently published article, an Ethereum whale purchased 4 trillion SHIB tokens ($134 million) in one transaction.

Clearly, Shiba Inu (SHIB) has gained interest and massive popularity among whales.

On the other hand, in the top 100 holdings, WhaleStats ranked SHIB fourth with an average amount held of over $8 million and an average quantity held of 467 billion SHIB.

Above SHIB are Ethereum (ETH), USD Coin (USDC), and FTX Token (FTT), which continue to enjoy their position as the top three coins in WhaleStats’ top 10 holdings. ETH has a value of more than $3 million, while USDC has almost $10 million. FTT has a value of more than $9 million.

At the time of writing, the price has gone down by 6% in the last 24 hours. Shiba Inu’s price today stands at $0.000011789601, with a 24-hour trading volume of $438,960,217.

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Gela is a Marketing Management graduate and a content specialist. She has worked for international clients with topics about health and now she's starting her journey in the crypto world. When she's not writing, you can find her hiking, cooking, or planning her next outdoor adventure.