24/7 Cryptocurrency News

Shiba Inu Coin Regains Top Spot In Whales Holdings, Can Its Price Recover?

According to WhaleStats, the SHIB token has flipped the FTX token again to become the largest token held by the biggest 100 ETH wallets.
Published by
Shiba Inu Coin Regains Top Spot In Whales Holdings, Can Its Price Recover?

A recent dump in Shiba Inu (SHIB) prices appears to have attracted accumulation by holders of the biggest Ethereum wallets.

Tracking broader declines in the crypto market, SHIB prices sank 3% in the last 24 hours to erase most of their recent gains. But top Ethereum (ETH) whales are consistently showing their interest in the token.

Advertisement

Shiba Inu becomes largest token held by ETH whales

According to WhaleStats, the SHIB token has flipped the FTX token again to become the largest token held by the biggest 100 ETH wallets. Seems like Ethereum whales are on a buying spree. SHIB token has landed in the top 10 tokens purchased by ETH wallets in the last 24 hours.

Top Ethereum whales are now holding over $1.2 billion worth of SHIB tokens. It makes up more than 14% of its total holdings. As per the data, an ETH whale “BlueWhale0073” has added over $7 million worth of Shiba Inu tokens in the last 24 hours. Meanwhile, the world’s second largest meme cryptocurrency can also be seen on the list of most used smart contracts by the ETH whales.

FTX has now slid to be the second biggest token held by the ETH whales. Top wallets now hold over $1 Billion worth of FTT tokens. It makes over 12% of the whales holding.

Advertisement

Shibaburn portal burns over 17 billion SHIB tokens

Shiba Inu recently launched its token burning portal to crackdown its supply. According to the Shibaburn portal over 17 billion SHIB tokens (worth approx $404K) have been sent to a dead wallet since its inception. However, SHIB’s 24 hour trading volume of $712,882,041 has declined by over 35%.

The recent Robinhood listing and launch of its own Metaverse and other projects around it might have given a boost to the SHIB token. While the BTC price plunge has left the whole crypto market shaken. Bitcoin is down by around 7% in the last 7 days, similarly, SHIB has also plunged by 8% in the same time.

Advertisement

Share
Ashish Kumar

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 ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…

October 2, 2025
  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025
  • Bitcoin News

Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months

Banking giant Citigroup has revised its Bitcoin prediction to $231,000 in the next 12 months,…

October 2, 2025
  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025
  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025