Shiba Inu (CRYPTO: SHIB) is once again the most held token among the 100 largest Ethereum (CRYPTO: ETH) whales.

What Happened: According to an alert from on-chain wallet tracker Whale Stats, SHIB flipped FTX Token (CRYPTO: FTT) to become the biggest dollar holding among the richest Ethereum whales.

While the token has reclaimed the top spot among Ethereum whales, the average number of transactions has seen a significant decline.

See Also: IS SHIBA INU (SHIB) A GOOD INVESTMENT?

Data from Bloxy revealed that the total number of SHIB transactions was just 216,260 in April despite the meme coin being listed by Robinhood Markets Inc (NASDAQ:HOOD).

SHIB’s highest transaction volume was over 1.3 million in the month of October, coinciding with its price hitting an all-time high. 

Price Action: The meme-based cryptocurrency is down 76% from its all-time high of $0.00008616 and is currently trading at $0.00002069.