shiba inu A crypto whale dealing with its ecosystem has accumulated the nine-figure value of SHIB, Dogecoin’s biggest competitor, last month. However, it has become one of the largest owners of SHIB.
According to data recorded by blockchain tracker WhaleStats, an unknown wallet has amassed 10,200,000,000 SHIB tokens worth approximately $131 million at the time of writing.
Data from WhaleStats shows that the wallet only had around $3,900 worth of crypto on Jan.
According to WhaleStats, SHIB is Ethereum The largest altcoin among the top 5,000 whales in the (ETH) network. Excluding stablecoins and ETH itself, SHIB is the favorite altcoin of Ethereum whales, ahead of oracle network Chainlink (LINK), decentralized exchange (DEX) Uniswap (UNI), and virtual world blockchain Decentraland (MANA).
According to WhaleStats, on Saturday, SHIB was the most purchased token among the top 5,000 whales outside stablecoins and Wrapped Bitcoin (WBTC).
The whale accumulation took place while the Shiba Inu community was waiting for the release of Shibarium, a scaling solution built on Ethereum, similar to Polygon (MATIC), which aims to make the network more efficient.
SHIB is up nearly 60% this year. As Koinfinans.com reported, SHIB is trading at $0.00001333 at the time of writing. Despite its rise this year, SHIB is still about 85% below its all-time high in October 2021.