A recent report by WhaleStats revealed that an ETH holder ranked 254th, identified as “BlueWhale0073,” made a substantial transaction adding 200,899,251,805 (200.89B) SHIB to their portfolio. This amount was worth $2,240,026 ($2.24M).
According to a report by a news outlet, the top ETH Whale made another major purchase of SHIB within a week. The Whale spent $1,481,747 ($1.48M) to buy 131,477,192,339 (131.47B) SHIB on March 3.
As a result of this latest purchase, Shiba Inu has become one of the most frequently bought tokens among the top 2000 ETH Whales.
As per data from WhaleStats, Shiba Inu is still the most valuable coin held by the top 1000 ETH Whales in terms of dollar value. Currently, these whales hold an enormous amount of SHIB worth $606,551,443 (606.55M).
The renewed interest in Shiba Inu tokens can be attributed to various significant developments in the ecosystem. For instance, one of the most established fiat-crypto exchanges, BTCC, has added SHIB and five other digital assets to its platform, simplifying the process of purchasing these tokens using fiat currency for millions of users.
Read: Shiba Inu Developer Disclaims: ShibaSwap is the Only Official DEX on Shibarium
Shiba Inu has surpassed major players such as Bitcoin (BTC) and Polygon (MATIC) to claim the top spot on CoinMarketCap’s Weekly Trending Coins List. Moreover, the governance token of Shiba Inu, Bone ShibaSwap, has also earned a spot on the same list, ranking tenth.
