According to WhaleStats, the average position size of the top 100 Ethereum holders in the Shiba Inu token has increased by 3.96 trillion SHIB in the past week. So far, the average position size of one of these whales is equal to 154 billion SHIB, or $1.54 million and 39.6 billion more than at the beginning of the week.
The fourth largest crypto asset in the portfolio of these whales
Shiba Inu tokens currently account for 5% of the total portfolio of this investor class and are worth $153.79 million, or 15.44 trillion SHIB. If the portal’s data is to be believed, SHIB is currently the fourth largest crypto asset in the portfolio of these whales. It ranks just behind stablecoins and Ethereum itself in terms of size, but surprisingly exceeds stETH.
The largest influx of Shiba Inu tokens into the wallets of major Ethereum holders was seen on Friday, January 13. That’s when SHIB hit $0.000011, a two-month high and a level not seen since the collapse of major crypto-currency exchange FTX in November, causing major chaos in the crypto-currency market.
Probably with the continuation of the bullish trend, if not a trap, we can expect the share of whales in SHIB to increase. We can remember that once in the summer of 2022, their holdings in the token were worth more than $ 600 million.