Largest Ethereum Whales Pounce on Shiba Inu, Accumulate Over $85,500,000 Worth of SHIB: On-Chain Data

According to on-chain data, the largest Ethereum (ETH) whale in existence is eyeing Dogecoin (DOGE) rival Shiba Inu (SHIB).

Blockchain tracker service WhaleStats tracks the 500 largest whales on the Ethereum network, with SHIB being the third largest holding in the cohort, excluding stablecoins and staked Ether (stETH). is the amount.

“Top 500 ETH whales are hodling

$148,197,940 vest
$85,540,230 Locus
$84,571,717 SHIB
$61,997,059 bit
$57,980,317 UNI
$56,226,206 Unknown Token
$50,710,608 Matic
$36,478,758 Link”

sauce: WhaleStats/Twitter

The apparent accumulation of SHIB by the largest Ethereum whale is the rise of Sibarium, the ecosystem’s proposed Layer 2 chain, whose community aims to combat the low transaction speeds of Ethereum, the Shiba Inu’s host chain. Because we expect it to go up.

Last month, the pseudonymous developer known as Shytoshi Kusama told his 864,000 Twitter followers that Shibarium was coming “soon.”

“Happy Holidays to over half the world. Enjoy, next year will be an important year for humanity.”

Sibarium also burn Every transaction will have a SHIB, presumably with stronger buy-side liquidity.

Shiba Inu outperformed rival Dogecoin last week, gaining 24% in seven days compared to DOGE’s 17% in the same timeframe. Also, SHIB and DOGE significantly outperform Solana (SOL) blockchain new rival Bonk (BONK).

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Featured Image: Shutterstock/Alexander Limbach/WindAwake

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