Shiba Inu Is Again ETH Whales' Top-Bought Altcoin

The Shiba Inu interest of the top 1000 crypto investors with the most Ethereum in their portfolio is on the rise again.

According to WhaleStats data, the most invested crypto assets among Ethereum whales for months are Shiba Inu and FTX tokens. About 25 of the non-Ethereum portfolio of major investors investing in these two popular altcoins after their Ethereum savings consists of FTX and Shiba Inu.

Recent data point to an increase in Shiba Inu savings. For a while, the FTX token was the most held crypto asset by whales, but now Shiba Inu (SHIB) accounts for 14.83 percent of the total savings of Ethereum whales. This rate equates to $1.24 billion SHIB. 12.85 percent of the whale portfolio consists of FTX tokens. Accordingly, the $1.08 billion FTX token accumulation comes right after the Shiba savings.

The latest SHIB token purchases of the whale account BlueWhale0073 are thought to have changed the ranking. When BlueWhale0073 transactions are checked, it can be seen that it has received 7 million SHIBs worth approximately $ 1.619 million in the last 24 hours.

Shiba Inu remains in the cryptocurrency headlines

Shiba Inu, which differed from other altcoins with the continued interest of large investors, was on the agenda with another development this week.

The Shiba Inu team announced this week the launch of the SHIB burning portal to curb the supply of the crypto asset. In the new burning portal, 17 billion SHIB tokens were burned in a 2-day period. It attracted a lot of attention as this figure was above the total amount of SHIB burned in 2022.

The highly anticipated Robinhood listing and the establishment of the Shiba Inu Metaverse earlier this month were other positive developments in the popular cryptoasset community. However, despite all these positive developments, the SHIB token moves in proportion to the market.

Latest situation on Shiba Inu price

In yesterday's trading, the Shiba Inu fell 5.5 percent to as low as $0.00002297, falling in line with the rest of the market. The SHIB token has risen 2.5 percent since the launch, reaching $0.0000235. However, the bearish trend continues in the crypto asset.

The latest in the Shiba price shows that the vast majority of the daily gains, which hit 22 percent with Robinhood listing on April 12, have been returned.

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