An Ethereum ETH/USD whale wallet added $139 million worth of Shiba Inu SHIB/USD to his/her portfolio on Monday.
What Happened: According to an update from on-chain wallet monitor WhaleAlerts, the whale added 4 trillion SHIB tokens worth $139,066,128 at the time of writing.
Looks like whales are really hungry for #SHIB
— WhaleStats - the top 1000 Ethereum richlist (@WhaleStats) December 21, 2021
An ETH whale added 4T $SHIB ($136M) in the past 24hrs https://t.co/DCjI0wd9vF
$SHIB is most traded and biggest hodling token among the top 1000 ETH wallets#ShibArmy RT if u always think $SHIB is the King pic.twitter.com/hOsa99etTl
The wallet address has a total of 76 ERC-20 tokens with a cumulative value of $262 million. SHIB is the whale’s largest holding, however, making up 27% of his/her total portfolio value.
The whale also holds $82 million worth of Decentraland MANA/USD which is his/her second-largest holding.
According to WhaleStats, SHIB is the most traded and most held token among the 1000 richest Ethereum wallets.
The price of SHIB is up by 11.41% over the last 24 hours. The meme-based cryptocurrency was trading at $0.00003273 as of Tuesday morning.
Meanwhile, its rival Dogecoin DOGE/USD was up by 4.90% over the same period, trading at a price of $0.17.
Some reports estimate that SHIB and DOGE together accounted for 85% of activity in the “meme-coin” economy over the course of 2021.
However, both the Shiba Inu-themed assets are now trading well below their peak prices earlier this year and have fallen out of the top 10 cryptocurrencies by market cap.
As of Tuesday, DOGE had a market cap of $22 billion and ranked 12 while SHIB had a market cap of $17 billion, ranked 13.
Related Link: Bitcoin, Ethereum, Dogecoin Fail To Break Out And The Next Few Weeks Could Be 'Very Choppy'
Photo by Abigail Lynn on Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.