Shiba Inu (SHIB) tokens have been trading under huge selling pressure in recent times. But the opposite is true in half of the groups of investors. Based on the data, the largest Ethereum ‘whale’ wallet is seen still holding SHIB tokens despite the market crash.
According to ‘whale’ transaction trackers the Shiba Inu token has emerged as the largest token held among ETH’s top 100 ‘whales’. The data illustrates that the largest wallet now holds around $ 436.3 million of SHIB tokens. However, there was a slight decrease recorded in holdings among ‘whales’.
It should be noted that Shiba Inu's holdings are larger than the FTX token holdings which are also the main crypto holdings among ETH ‘whales’. According to reports,, as of June 17, the top 100 ETH whales hold FTX tokens worth more than $ 762 million.
However, this amount has dropped to $ 44.9 million. The total amount of liquidated FTX tokens was worth about $ 682 which was removed by the largest wallet. It became among the most sold tokens in the last 24 hours. FTT tokens are trading at an average of $ 26.99, at the time of writing.
On the other hand, the price of Shiba Inu has jumped almost 15% in the last 24 hours. SHIB traded at an average price of $ 0.000009516 with a 16%increase. Yet it has dropped 90% from an all -time high (ATH) of $ 0.000088. Token’s 24 -hour trading volume increased over 56% to $ 463.3 million. It is still the second largest meme cryptocurrency with a market limit of more than $ 5.1 billion.
Shibarmy has managed to maintain SHIB’s momentum amid a large price decline. According to Shibburn, the ‘burn rate’ has jumped by 126% in the last 24 hours. In the past 24 hours, over 216.05 million SHIB tokens have been sent to ‘dead wallets’.
