Ethereum Whales Hold 122 Billion Units of Shiba Inu on Average

• SHIB leads among the top 1000 most massive ETH whales in the last 24 hours.
• ETH whales hold an average of over 122 billion units of the meme token.
• Whales on the Binance Chain aggressively compete against ETH whales.

New data indicates that Whales on the Ethereum Network (ETH) maintain significant positions on meme cryptocurrencies as the market trades in the red. According to recent data from the whale monitoring website, WhaleStats, Shiba Inu (SHIB) currently leads among the top 1000 most massive ETH whales in the last 24 hours.

Number one on the list is expectedly ETH, with each whale holding an average of 16,396 units of Ether, equivalent to $21,343,337, followed by the two most popular stablecoins, USDC and USDT. Notably, ETH whales hold an average of over 122 billion units of the meme token.

WhaleStats also tracks other data from these prominent investors, including the most traded volume, most sold tokens, and most used smart contracts, out of all of which SHIB appears among the top 10. Other tokens on the list include Lido Staked Ethereum (stETH), Wrapped Bitcoin (WBTC), FTX token, Uniswap token (UNI), Shushi, and more.

Currently, stETH ranks number one as the most significant token by dollar value aside from Ethereum, with each whale holding more than $1.2 million worth of the token.

Interestingly, Whales on the Binance Chain are aggressively competing against ETH whales. In the last 24 hours, BSC Whales, on average, held over $4 million worth of BNB and $3.5 million worth of BUSD. Additionally, the LYO Credit token (LYO) ranks as the coin with the biggest dollar value, while ETH takes the most widely held token position.