Based on statistics from WhaleStats Shiba Inu, currently USDC is the second most valuable crypto asset, while Ethereum (ETH), maintains its top position.
WhaleStats has released the most current data on the investment behavior of the 100 top non-exchange Ethereum addresses based upon wealth. The top 100 wallets in the world are basically those with an average value of $14,000,000.
Tuesday’s market price for Shiba Inu is $0.00000827, up 3.7% over the last seven days, statistics provided by Coingecko shows.
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According to blockchain data tracker the top 100 Ethereum Whales hold SHIB in the amount of $423180,380. That’s 15.55 percent. In contrast, Circle’s USDC Stablecoin accounts for 18.08 percent, or $491,815,224 value.
WhaleStats also revealed that SHIB’s average holdings were 463.5 billion tokens, or $3,678,366. This means that the token with the dog theme is now the most valuable altcoin, surpassing ETH and the two stablecoins.
Shiba inu still to show strong recovery
The whales also favor holding the FTX token, Polygon’s MATIC, Chainlink’s LINK, and Decentraland’s MANA, among others.
SHIB, despite its strong demand, hasn’t shown any signs of improvement for more than two months. Since mid-April, the meme coin’s value has decreased by 70.72 percent, representing a 70.72 percent loss.
Source: TradingView.com| Source: TradingView.com
Whale wallets may also be interested in FTX Token(FTT), the native currency of the well-known FTX crypto exchange. The average supply is 140,651 tokens with a value of $3,241,465 each.
The average amount of Bitpanda Ecosystem Tokens (BEST) in this investment group is $1,744,056, ranking it sixth out of 100 top ETH wallets.
What length of time do holders keep their SHIB for?
CHSB is the native token for SwissBorg’s cryptocurrency wealth management platform SwissBorg. Whales have an average of 6 million tokens, and a total of $1,103,000.965.
WhaleStats also shows that wealthy Ethereum investors are purchasing the crypto exchange MXC for $1.1 million, and rounding out the top 10 is the 3D virtual reality environment Decentraland (MANA) for $818,038 and 1,057,781 tokens.
Meanwhile, according to IntoTheBlock’s holders’ composition by time held, 21% of SHIB holders have kept their tokens for more than a year, 76% have held within a year, and 3% have held for less than 30 days.
As the population of Shiba Inu continues to increase, the midterm holders have also been dispersed.
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Featured image by Watcher Guru. Chart from TradingView.com