Shiba Inu’s total value in the hands of Ethereum whales has dropped dramatically, while a whale has bottomed out by purchasing 300 billion SHIB. Other altcoins on the list of Ethereum whales are FTX Token (FTT), OKEx (OKB) and Chainlink (LINK).
Whales downsize SHIB and FTT portfolios
SHIB remains the largest HODL position of the top 100 ETH whales in dollar equivalent, while the second largest meme cryptocurrency supply in the hands of these investors, 1 billion saw a significant drop below the dollar equivalent. Meanwhile, one of the whales risked purchasing a staggering amount of Shiba Inu (301 billion SHIB). According to the WhaleStats platform, which tracks the top 100 wallets on Ethereum, Shiba Inu remains the number one cryptocurrency for the largest wallets on the Ethereum network.
However, compared to May 2, SHIB balances faced a significant decline, with a total of just over $1 billion to $983,338,440. Last week, the supply of Shiba owned by these investors fluctuated between $1.4 billion and $1.2 billion, with the whales slowly but surely selling their SHIBs in a gradual decline. Compared to Monday, the percentage of SHIB that Ethereum whales hold in their portfolios has dropped from 15.34% to 15.32%.
FTX Token remains the number two HODL of ETH whales, accounting for 13.78% of their portfolio, but its value fell slightly from Monday to $885,113,460 from $894,267,385.
This whale snatched 300 billion Shiba
In the past 24 hours, the huge Ethereum whale named “BlueWhale0073” has purchased 300,997,019,465 Shiba Inu (SHIB) for the equivalent of $6,149,369. Whale’s biggest assets: USDT, USDC, MATIC, LINK and UNI.
At the time of writing, the whale BlueWhale0073 has no SHIB in its wallet. The meme token is changing hands at $0.00002081, according to data shared by CoinMarketCap. As quoted by Kriptokoin.com, on May 2, SHIB recorded a 6.25% drop where the aforementioned whale bought 301 billion SHIB. After that, SHIB rose 3.19%, which was probably the point at which “BlueWhale0073” sold its Shiba Inu.