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Shiba Inu (SHIB) Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Crash:

Fresh data shows the world’s biggest Ethereum (ETH) whales are hoarding meme coin Shiba Inu (SHIB) at an average value of over $3.6 million each.

The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses.

The whale-monitoring website shows the average Shiba Inu holdings are 463.5 billion SHIB tokens valued at $3,678,367, making SHIB the biggest altcoin holding among Ethereum whales, other than ETH itself and a pair of stablecoins.

The whale wallets are also keen on FTX Token (FTT), native asset of the popular FTX cryptocurrency exchange, with an average quantity of 140,652 tokens priced at $3,241,466.

Another crypto asset popular among the richest 100 ETH wallets is Bitpanda Ecosystem Token (BEST) as the investor group holds $1,744,057 worth of the token on average, good for a sixth-place finish.

Next up is CHSB, the native token for cryptocurrency wealth management platform SwissBorg. On average the whales hold over 6 million tokens for a total value of $1,103,966.

The crypto whale tracker also shows rich Ethereum investors are amassing crypto exchange MXC for $1.1 million, and wrapping up the top-10 is 3D virtual reality world Decentraland (MANA)to the tune of $818,039 for 1,039,782 MANA tokens.

Source: WhaleStats

The top three spots were held by Ethereum and then US Dollar Coin (USDC) and Tether (USDT), two stablecoins aiming to peg their value to the US dollar.

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Featured Image: Shutterstock/Sergey Nivens/karnoff

Read More: Shiba Inu (SHIB) Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Crash:

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