SHIB Back in Top 10 Purchased Tokens Among Top 500 ETH Whales

The whale monitoring platform known as WhaleStats resorted to Twitter earlier this morning to provide some data about the transactions of the top 500 Ethereum (ETH) whales. According to these findings, Shiba Inu (SHIB) has re-entered the top 10 most purchased tokens list among the 500 largest Ethereum whales during the last 24 hours.

JUST IN: $SHIB @Shibtoken is back on top 10 purchased tokens among 500 biggest #ETH whales in the last 24hrs ?

Peep the top 100 whales here: https://t.co/tgYTpOm5ws

(and hodl $BBW to see data for the top 500!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/DtR8q8Z7HH

— WhaleStats (tracking crypto whales) (@WhaleStats) February 17, 2023

In addition, the top Ethereum whales have an average token supply of approximately 3 billion SHIB. According to the data provided by WhaleStats, the meme token is now the eighth largest currency owned on the Ethereum network by the top 100 ETH whales.

The currencies USDT and USDC come in first and second place, with whale holdings of 2,819,880 SHIB and 841,856 SHIB, respectively. Moreover, the tracking platform shows that the most recent 24 hours have seen SHIB holders accomplish an average buy amount of $48,129.

According to information sourced from CoinMarketCap, at the time of writing, the cost of one SHIB token is 0.00001318 USD. Due to this, the value has decreased by 3.80% during the last 24 hours. Despite this, over the previous week, the value of the meme token has climbed by more than 6.37%.

The 24-hour trading volume for SHIB is in positive territory and presently stands at $532,385,013, an increase of more than 3% over the previous day’s volume.

SHIB now holds the thirteenth spot on the list of cryptocurrencies with the most market capitalization, thanks to its market value of $7,231,061,595.

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