Shiba Inu Is Back Among Top 10 Most Purchased Tokens By Ethereum Whales

Shiba Inu SHIB/USD, the self-described “Dogecoin DOGE/USD  killer”, has re-emerged among the ten most purchased tokens by Ethereum ETH/USD whales.

What Happened: The 1,000 biggest Ethereum wallets are holding 62 trillion Shiba Inu tokens valued at $1.57 billion, cryptocurrency data platform WhaleStats said in a tweet.

The Ethereum whales on average bought $12,772 worth of Shiba Inu, the data showed.

JUST IN: $SHIB @Shibtoken is back on top 10 purchased tokens by 1000 biggest #ETH wallets in the past 24hrs

The top 1000 #ETH whales are hodling 62T #SHIB values at $1,570,514,743

Woof! Woof!

Whale leaderboard: https://t.co/GNcrtlFgFB#ShibArmy #Friendshibs pic.twitter.com/ZTcfleeU92

— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 2, 2022

Shiba Inu currently ranks third among the top ten cryptocurrencies held by Ethereum whales, with an average holding amount of $15.05 million, as per WhaleStats data.

See Also: How To Buy Shiba Inu Coin (SHIB)

Why It Matters: It was reported in February that Shiba Inu is held by over 1.18 million Ethereum wallets.

Several major companies now accept Shiba Inu and Dogecoin as payment for their products and services.

Shiba Inu announced on Twitter Monday that it has entered into a partnership with the John Richmond fashion label.

Announcement: @JRichmondstyle x @Shibtoken just in time for fashion week!

John Richmond partners with Shiba Inu for a cutting-edge fashion collaboration!#LegendsLiveForever

10,000 JR x SHIB NFTS
Fashion Show - Milan Italy
Collection in Boutiques Worldwide#ShibArmy pic.twitter.com/jjPNw360Jr

— Shib (@Shibtoken) February 28, 2022

Price Action: Shiba Inu is up 4.9% during the past 24 hours, trading at $0.00002695 at press time.

Read Next: Bitcoin, Ethereum, Dogecoin Shoot Up, Decoupling From US Stocks — Are Sanctions, War Fueling The Rise Of Crypto?