• Ethereum whales are accumulating Shiba Inu (SHIB) tokens.
• Recent transaction in SHIB was by BlueWhale0298 with 808,270,322 SHIB.
• The top 10 holdings include ETH, USDC, USDT and SHIB with an average amount of $51 million.

Ethereum Whale Accumulating Shiba Inu (SHIB)

Shiba Inu (SHIB) is the most traded token in the market at present and holds the first position on the leaderboard with 496 billion SHIB. A recent transaction in SHIB was by BlueWhale0298 with 808,270,322 SHIB. The top 100 wallets holding Ethereum (ETH), have accumulated more ETH, USD Coin (USDC), and Tether (USDT). Among these top 10 holdings three stablecoins can be witnessed- ETH with an average amount of $51 million, USDC and USDT both in the $7 million level.

Sellers vs Buyers

The number of whale buyers accounts for 24 whereas sellers approximate count is 27. The margin between sell and buy volume is very minimal -$52 million. On 17th March 1227 transactions were recorded and $561,247,274 was invested in them.

Biggest Whale Transfer After Shibarium?

The biggest whale transfer after Shibarium was also made recently worth $25 million which was invested into Pax Dollar by ETH whales within a period of 24 hours.

Average Number Of Transactions

The average number of transactions per day stands at 1227 along with investments of total value worth $561,247,274 .

Conclusion

It can be concluded that Ethereum whales have been actively accumulating Shiba Inu tokens as well as other assets like ETH , USDC , USDT etc . They have also been making large transfers to their wallets , indicating bullish sentiment among investors .