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Shiba Inu The Most Held Token Amongst Top 100 Ethereum Whales

Cryptocurrency May 08, 2022 09:00AM ET
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© Reuters Shiba Inu The Most Held Token Amongst Top 100 Ethereum Whales

  • SHIB flipped FTX Token (FTT) to become the biggest dollar holding among the wealthiestEthereum whales.
  • Although the token has reclaimed the top spot among Ethereum whales, the number of transactions has seen a significant decline.
  • The total SHIB that has been burnt from the initial supply stands at 410,339,763,887,291.

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

According to Whale Stats, an on-chain whale trakker, SHIB flipped FTX Token (FTT) to become the biggest dollar holding among the wealthiest Ethereum whales.

Although the token has reclaimed the top spot among Ethereum whales, the number of transactions has seen a significant decline. According to data provided by Bloxy, the total number of SHIB transactions was just 216,260 in April, despite the coin being listed by Robinhood Markets Inc (NASDAQ:HOOD).

In related news, the total SHIB that has been burnt from the initial supply stands at 410,339,763,887,291 and the total supply of SHIB is 889,660,236,112,708. The burn rate is currently down by 31.71%.

SHIB has also made it onto CoinMarketCap’s trending list and is currently in the 11th position. This places SHIB right behind Solana (SOL) in the 10th position and in front of ApeCoin (APE) in the 12th position.

In the last 24 hours, SHIB’s price dropped by 5.17% and by 10,09% over the last week. The meme coin also dropped by 24.07% over the last thirty days.

This currently puts SHIB’s price at $0.00001891 or 0.000000000545 BTC.

With regards to market cap, SHIB currently stands at $10,385,504,641. SHIB also saw a 24-hour trading volume of $533,696,977. This is 2.67% less than yesterday according to CoinMarketCap.

CoinMarketCap has also placed SHIB in the top 20 coins list in terms of market cap.

Continue reading on CoinQuora

Shiba Inu The Most Held Token Amongst Top 100 Ethereum Whales
 

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Johnny Crash
Johnny Crash May 08, 2022 10:08AM ET
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Well, enjoy the losses. Every week, further down down down hahahahaha
 
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