Hundreds of billions of SHIBs have been displaced as SHIBs become the most sought-after item for whales.

Meanwhile, a major wallet tracker reports that Shiba Inu has once again become one of the most purchased coins by Ethereum whales.

1.2 trillion SHIB lands in these two wallets.

The two SHIB transactions mentioned above took place about 11 hours ago. Each contained 648,463,405,610 SHIB. Together, these two transactions were valued at $12,000,000 at the time of these transfers, or 1.2 trillion SHIB in total.

According to details shared by Etherscan, both transactions were made from the same crypto-currency wallet – 0x4d57a8bacd4bf5040c44be4ef7829be886fb2512 – which now contains zero Shiba Inu.

The first wallet was new and now contains only the amount received from SHIB – 648,463,405,610. The second wallet currently contains a total of 1,170,071,466,685 meme coins.

Data shows whales are after SHIB

According to a recent tweet from WhaleStats, Shiba Inu is now on the list of the top 10 crypto-currencies purchased by Ethereum’s top whales.

SHIB often appears on this list when whales start to “hunting” this currency meme to make gains. At the time of writing, the coin is changing hands at $0.000009266, showing a rise of over 4.57% in the past week.

JUST IN: $SHIB @Shibtoken now on top 10 purchased tokens among 1000 biggest #ETH whales in the last 24hrs 🐳

We’ve also got $LDO, $BAND, $cbETH & $COV on the list 👀

Whale leaderboard: https://t.co/jFn1zIOq03#SHIB #whalestats #babywhale #BBW pic.twitter.com/x2P1ZGDD6w

– WhaleStats (tracking crypto whales) (@WhaleStats) December 1, 2022