Shiba Inu Becomes The Most Traded Meme Token For Whale Ethereum

JAKARTA – In the midst of the decline in the crypto market, Whale Ethereum is reportedly starting to buy Shiba Inu (SHIB). The whales stockpile SHIBs worth an average of US$3.6 million.

According to whale movement tracker, WhaleStats, around 100 of the richest Ethereum whale addresses bought around 483.5 billion SHIB tokens. This data shows that SHIB is dominated by whales.

Besides Shiba Inu, most Ethereum owners also buy FTX Token (FTT) which is the original token from the FTX crypto exchange. On average, the FTT they bought was 140,652 tokens at a price of 3,241,466 US dollars.

Another crypto asset popular among the 100 richest ETH wallets is the Bitpanda Ecosystem Token (BEST). ETH whales hold an average of US$1,744,057 worth of BEST tokens.

Then there is CHSB, the native token of the SwissBorg cryptocurrency wealth management platform. The whales on average have around 6 million more CHSB tokens which are worth 1,103,966.

The crypto whale tracker also shows wealthy Ethereum investors amassing USD 1.1 million worth of MXC crypto exchange tokens. The whales also bought Decentraland (MANA) metaverse tokens with an average of US$818,039 for 1,039,782 MANA tokens.