Top 5000 Ethereum Whales Hold $75,289,824 Worth SHIB Combined

• Top 5000 Ethereum whales hold a combined $75,289,824 worth of SHIB.
• The data was collected and published by whale tracker WhaleStats.
• SHIB is followed by other tokens including MKR, UNI, LOCUS, etc.

As per the data from WhaleStats, the top 5000 ETH whales hold a combined total of $75,289,824 worth of Shiba Inu. WhaleStats, a crypto whale analyst and tracker, revealed the holdings of the top 5000 ETH whales.

As per the details, SHIB ranks first in terms of holdings among the whales. The whales hold 8,251,075,495,922 SHIB as per the calculation of SHIB’s current price.

MKR and UNI hold the second and third-place rankings with $58,694,355 and $50,253,460 worth of holdings, respectively. Other holdings of the whales include MKR, UNI, LOCUS, BIT, BEST, LINK, and CHZ.

However, in terms of the analysis of the top 100 ETH whales, SHIB is currently at the fifth rank. The top 100 ETH whales hold approximately 80,363,052,179 SHIB worth $731,087 at the time of writing. It accounts for 3.35% of the whale portfolio.

The report reveals the keen interest of Ethereum whales in the meme coin. Whales have evidently been buying and flipping trillions of SHIB. This has also emerged as a frequent activity by the whales.

The crypto market has been gravely affected by the fall of the FTX empire. The collapse of Sam Bankman-Fried’s exchange was something no one saw coming. The cryptocurrency market as a whole was a victim of the cascading effect of the exchange’s fall.

However, the market seems to be slowly recovering as major coins are displaying single and double-digit gains. It is still unclear at the moment whether the ripples of the FTX’s fall have settled.