World’s largest Ethereum (ETH) whales memecoin even as data reveals most SHIB investors are at a loss shiba inuyu (SHIB) is accumulating. SHIB with a new development polygonu (MATIC) managed to outdo it. Here are the details.
According to a new tweet from whale watching website WhaleStats, SHIB has surpassed ETH layer-2 scaling solution Polygon (MATIC) as the most traded crypto asset among the top 500 Ethereum wallets.
“Last minute: SHIB surpassed MATIC as the MOST TRADED token among the top 500 ETH whales.”
📰 JUST IN: $SHIB @Shibtoken flipped >$MATIC for MOST TRADED token among top 500 #ETH whales
Peep the top 100 whales here: https://t.co/tgYTpOm5ws
(and hodl >$BBW to see data for the top 500!)>#SHIB #MATIC #whalestats #babywhale #BBW pic.twitter.com/Cv60bMAc9A
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 22, 2022
The data tracker went on to say that the top 5,000 Ethereum wallets collectively own $1.46 billion worth of Shiba Inu tokens.
Also popular among the investor group, the FTX Token (FTT) is the native asset of the popular FTX cryptocurrency exchange. Known as the whales, these big players hold $1.22 billion worth of FTT. FTT strengthens the FTX ecosystem, providing traders with lower trading fees and discounts, among other benefits.
Although overshadowed by SHIB, Polygon (MATIC) remains a popular asset among ETH whales at $332.59 million.
Additionally, crypto analytics firm IntotheBlock reported that 52% of SHIB holders are currently holding tokens at a price below what they originally paid in light of recent market-wide crypto sales. In other words, 52% of its investors are at a loss.
In contrast, the firm says that 57% of investors in rival dog-themed altcoin Dogecoin (DOGE) are currently in profits.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.