SHIB Ranks as the Biggest Token by USD Value Among Eth Whales

• SHIB currently holds the biggest token position by dollar value among ETH whales.
• Whales hold an average of 119,450,852,849 SHIB, worth $1,610,574.
• In terms of trade, BSC whales are more aggressive than ETH whales in 24 hours.

As the crypto market slowly recovers, with Bitcoin (BTC) trading a bit above the $19k price point, data shows that whales on the Ethereum Network (ETH) are holding on to meme tokens.

Recent analytics from whale tracking website, WhaleStats, indicate that Shiba Inu (SHIB) now leads as the “biggest token position by dollar value” among the top 500 most giant ETH whales. In the last 24 hours, whales held an average of 119,450,852,849 SHIB, worth $1,610,574.

Other tokens on the list of most held tokens aside from ETH include wrapped Bitcoin (WBTC), Chainlink (LINK), Uniswap (UNI), and stablecoins Tether USD (USDT) and Circle USD (USDC).

WhaleStats also tracks other data from these prominent investors, including the most traded volume, most sold tokens, most used smart contracts, and more. Expectedly, Ethereum leads in all of these categories except for the most traded small cap tokens category, which goes to a USDC.

In the current market situation, the whales on the ETH network are less aggressive than those on the BSC Network. While the average top ten tokens purchased by whales on the ETH network barely reached $50,000, BSC whales traded over $200,000 in token investment.

In the last 24 hours, BSC Whales traded $144,347 worth of BSC-USD on average and sold 41 units of Binance Coin (BNB). Given the pretty low volumes of trade among whales, the global cryptocurrency market remains slightly below the $1 trillion cap.

Of the top ten cryptocurrencies by market cap, Ripple (XRP) performed the best in the last seven days with over a 32.03% increase, trading at $0.4694.