Shiba Inu Flips CHZ as Most Traded Among Top 100 ETH Whales

• Shiba Inu flipped CHZ for the most traded token among the top 100 ETH whales.
• However, CHZ regained its title according to updated information.
• The data was curated by whale analyst WhaleStats.

According to recent data from whale analyst WhaleStats, Shiba Inu (SHIB) has flipped CHZ for the most traded token among the top 100 ETH whales. SHIB is now the most traded token among these whales, with UNI as the most widely held token and stETH as the token with the biggest position by dollar value.

However, according to recent data, CHZ has taken back its lost throne as the most traded token.

SHIB is ranked at number seven in terms of trading volume among these top 100 ETH whales. The meme coin is also the fifth most-sold token and the sixth most-purchased token. This buy-and-sell behavior is due to the recent rise in the price of SHIB, which touched a high of $0.000009593 in the last 24 hours.

The meme coin accounts for 2.06% of the total whale holdings, which stood at $50,712,564 at press time. Shiba Inu is up by 8.21% in the last seven days and is up by 2.85% in the last 24 hours. At press time, SHIB is trading at $0.000008955.

In other Shiba Inu news, the soaring burn rate has cooled down, as it is currently up by 25% in the last 24 hours, with 17.1 million SHIB sent to dead wallets. The burn rate has been considerably on the higher side since the beginning of 2023, with a recent day achieving over a 30,000% increase in burn rate.

The burn rate is likely to increase after the launch of Shibarium, where the team confirmed that every Shibarium transaction will burn SHIB. However, there hasn’t been an official launch date.