Shiba Inu (SHIB) Flips Uniswap (UNI); Becomes Most Traded Token By ETH Whales

By Ashish Kumar
February 23, 2022 Updated February 23, 2022
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Shiba Inu (SHIB) has flipped Uniswap (UNI) token to become the most traded coin by the 1000 biggest Ethereum (ETH) whales in the last 24 hours, revealed WhaleStats. Earlier, SHIB crossed a new milestone when it hit its all-time high holders. The coin has seen a surge of over 7% in the last 24 hours.

SHIB is second-largest token held by ETH whale

The 1,000 largest Ethereum wallets are worth an average of $147.2 million and have an average of 40,480 ETH, 38 tokens, and 1 NFT.

Meanwhile, the data has revealed Shiba Inu stands at the third position among coins held by the top 1000 Ethereum wallets. While ETH and FTX tokens stand at first and second positions respectively.

SHIB token is also the second-largest token held by the whales. It is 15.5% of the total holding among the other coins. Whale holds over $1.4 Billion worth of SHIB tokens. However, FTX is still the Biggest token position by dollar value held by the largest whales. FTX coin makes 17.% of the total coin held.

It is interesting that with new investors, the whales are also choosing the world’s second-largest meme-cryptocurrency.

Shiba Inu drops big news

Recently, ShibaGuruAMA dropped some interesting news with Crypto enthusiasts Watcher Guru. The announcement was regarding its upcoming Metaverse ‘Shiberse’. SHIB has confirmed that 99,000 pieces of land will be up for sale. However, 35,000 plots will be open for bidding in the first phase which will be a 10-day ‘land event’ where Leash holders will get the first chance to bid and purchase plots.

Doge-themed meme-coin Shiba Inu has seen a surge of over 7% in the last 24 hours. It is trading at an average price of $0.000026 with a 24-hour trading volume of $1,582,964,638 USD. It can be termed a good position for the coins amid the crypto market crash happening due Russia-Ukraine crisis. The coin is positioned at the 14th spot with a total market value of $14,468,359,550 USD.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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