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Ethereum Whales Collect Heaps of SHIB In The Last 24 Hours

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Ethereum Whales Defend 1K Position by Holding 10K ETH
03
Jun
  • Shiba Inu (SHIB) has attracted the attention of Ethereum Whales.
  • The price of SHIB has risen slightly in the last 24 hours to $0.00001105.
  • Whales are busy purchasing cryptocurrency as the buy volume of whales is much higher than the sell volume over the last 24 hours.

As of June 3, one of the most popular meme tokens, Shiba Inu (SHIB), has attracted the attention of Whales and has made its way back to the top 10 list of purchased tokens among the 500 biggest Ethereum whales in the last 24 hours, according to Whalestats.

Number 1 on the list is Ethereum (ETH) as each whale on the list holds an average of 198.014 ETH. Currently, SHIB is ranked number 4 on the list below FTX Token and above USDT as the average value of SHIB that every whale holds is around 462,898,625,067, which is around $5,104,584 at current prices.

According to CoinMarketCap, the price of SHIB has risen slightly in the last 24 hours to $0.00001105 — which is a small 0.53% rise in price.

The meme token is currently in the 16th position on CoinMarketCap’s list in terms of market cap. This places it behind Avalanche (AVAX) in the 15th position and ahead of Polygon (MATIC) in the 17th position. SHIB’s market cap currently stands at $6.06 billion.

SHIB saw a 24-hour trading volume of $252,289,974, which is a 41.89% decrease from yesterday’s numbers.

At the time of writing (10:25 AM GMT + 2), the whale fear and greed index is around 34 — indicating that whales are still fearful of what may happen in the cryptocurrency market. However, this may change in the short-to-medium term as the amount of buy volume vs. sell volume figure shows that whales are on a drive to buy cryptocurrency.

Currently, the buy volume totals $138 million while the sell volume is around $65 million.

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