It’s a buying opportunity for giant wallets when the cryptocurrency market goes down. In January’s corrective price action, we saw the biggest Ethereum whales accumulating tokens like Shiba Inu (SHIB), Polygon (MATIC), Chainlnk (LINK), and Ron (RON). Here is the list of altcoin projects that whales accumulated the most in February…
Altcoin whales are hoarding these cryptos
According to the website of on-chain data provider WhaleStats, SHIB is currently the largest token in the portfolio of the 1,000 largest Ethereum whales by dollar value. The amount of Shiba Inu in the wallets of the mentioned whales is 16.62%, or $1,773,025,189 worth. With 16.2%, FTX Token (FTT) is in second place with a total of $ 1,728,122,010. After Ethereum, the second largest cryptocurrency, SHIB ranks second among the top ten hodls. Later in the list, we see the following altcoin projects.
- USD Coin (USDC) – 8.9%
- Other tokens – 6.62%
- Tether (USDT) – 6.1%
- OCD – 4.2%
- Crypto.com (CRO) – 3.2%
- Decentraland (MANA) – 3.08%
144.2 million SHIB permanently removed from circulation
Various members of the SHIB community have moved 144.2 million Shiba Inu tokens to a dead wallet in the previous three days, according to data released by the Shibburn Twitter account. This puts the second largest dog crypto to an all-time high.
According to tweets from Shibburn user, a total of 144.2 million SHIBs were burned on February 7, 8 and 9, amounting to 56.3 million, 36.8 million and 46.7 million coins. Additionally, an additional 4,441,908 Shiba Inu have been permanently removed from circulation in five transactions in the past 24 hours. The total amount of meme tokens burned so far is 410,302,160,108,630. 548,973,043,170,104 SHIB are still in circulation. From the table above, it can be seen that 40,724,796,721,265 Shiba Inu were staked.
Shiba Inu is listed on the Brazilian stock exchange
Rumors have been circulating for a while that Shiba Inu will be listed on giant exchanges such as Robinhood. Robinhood CEO Vlad Tenev once again confirmed that they plan to list Shiba Inu (SHIB), but gave no hints as to timing. In the latest news, SHIB expects to be listed on the leading Brazilian crypto exchange Foxbit on February 16. cryptocoin.com You can find the details of the development we have conveyed here.
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