Top Ethereum (ETH) whale addresses are now holding more than $600,000,000 worth of meme token Shiba Inu (SHIB), according to on-chain data.
The crypto whale-watching site WhaleStats finds that the top 2,000 largest ETH holders have accumulated about 56 trillion SHIB.
The Dogecoin (DOGE) rival is trading for $0.00001083 at time of writing.
The next top investment for the ETH whales is blockchain scaling solution Polygon (MATIC), with their accounts holding onto more than $167.7 million.
The ETH whales’ third favorite investment is in Bitpanda Ecosystem Token (BEST), the token of the crypto, stocks and precious metals investment platform.
The top 2,000 whales own more than $155.9 million worth of BEST. BEST is trading for $0.368 at time of writing and is up 1.3% in the past 24 hours.
Next on the list, is Chainlink (LINK) with the 2,000 ETH whales holding more than $149 million worth of the decentralized oracle service’s token. Cross-crypto exchange app SwissBorg (CHSB) ranks next in the top ETH accounts with the whales having accumulated more than $131 million worth of the token.
Other digital assets the whales have accumulated include decentralized exchange (DEX) Uniswap (UNI), scaling solution Locus Chain (LOCUS) and gaming metaverse Decentraland (MANA).
The Shiba Inu project recently celebrated the long-awaiting launch of Shibarium, the ecosystem’s new layer-2 network built on top of Ethereum, similar to Polygon. Shibarium is currently operating in its beta testnet phase.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Tithi Luadthong