Top 100 ETH Whales Now Hold 49T Shiba Inu Worth $601M

Shiba Inu (SHIB) is the top-held cryptocurrency among 100 ETH Whales, excluding Ethereum (ETH) and stablecoins.

WhaleStats data reveals that the top 100 ETH Whales hold 49,621,465,093,470 (49.62 trillion) SHIB, worth $601,204,724 ($601.20 million) in their wallets.

This makes SHIB the fourth most-held token among these high-profile investors, following Ethereum, USD Coin (USDC), and Tether (USDT).

Ethereum remains the undeniable favorite among the top 100 ETH whales, as they currently possess a massive 3,126,300 (3.12 million) ETH. Based on the current market prices, this Ethereum stash is valued at $5,134,518,100 ($5.13 billion).

Although Ethereum holds the lion’s share, these major ETH whales have diversified their portfolios with substantial investments in other cryptocurrencies. USD Coin holds the attention of these top investors, with a collective wallet balance of 788,814,570 (788 million) USDC tokens, worth approximately $789,051,954 ($789.05 million).

Tether follows closely, with the top 100 ETH whales holding 706,994,142 (706.99 million) tokens, valued at around $706,901,668 ($706.90 million).

The Whales’ interest in SHIB revived after the lead developer of Shiba Inu, Shytoshi Kusama, unveiled the final step towards launching the much-anticipated Shibarium Mainnet in his recent blog post. Kusama noted that the Shiba Inu team would come up with the “Worldpaper” along with the release of Shibarium Mainnet.

The Shiba Inu’s World paper is reported to be an extensive document that covers various aspects of the Shiba Inu ecosystem, including tokens like SHIB, BONE, LEASH TREAT, and Shi, among other elements. This comprehensive resource aims to provide in-depth insights into the functionality and potential of these tokens within the Shiba Inu ecosystem.