SHIB now holds the top spot in terms of the tokens most purchased and held by Ethereum whales, followed by FTX and USDT.
Shiba Inu is a meme ERC-20 token based on the Ethereum network launched by an anonymous inventor named Ryoshi in August 2020 and is nicknamed the “Dogecoin killer.” Shiba Inu (SHIB), Bone (BONE), and Leash (LEASH) are the three tokens that are currently in use in the Shiba Inu ecosystem (LEASH). Shiba Inu is the most popular token in the Shiba ecosystem.
SHIB, and FTX tokens top the list of the holders according to the data analysis released by Whalestats through their official Twitter handle, the analysis result showed the top tokens held by the top 500 Ethereum Whales:
Whalestats is an on-chain data service that tracks up to 5000 of the largest Ethereum wallets (ETH whales), each of which is valued at an average of $74,629,728 and holds an average of 10,244 ETH, 33 tokens, and 1 NFT.
Shiba Inu, FTX, and USDT are presently the top three most held tokens by Ethereum Whales, ahead of six other tokens.
Despite its reputation as a risky investment, Shiba Inu is now at the top of the list, and it is the most popular token and favouite of Ethereum Whales, with them holding $1,445,438,413 worth of SHIB. This investment rate is probably because it has already proven that with its 2,500 percent run in May 2022, it will most likely surprise its investors with excellent profits.
On the data analysis released by Whalestats, the FTX token closely followed the Shiba Inu token, with Whales holding $1,154,789,973 worth of FTX Token. Investing in Shiba at the moment is highly risky.
USDC is ranked fourth, WBTC is fifth, BEST is sixth, and MATIC is seventh on the list, among others, according to the report.