Ethereum

Shiba Inu ($SHIB) tokens, the most valuable altcoin among these whale addresses, are amassed by the largest whales on the Ethereum ($ETH) blockchain, who own a staggering 56 trillion tokens worth more than $600 million.According to data from whale monitoring service WhaleStats, the 2,000 largest whales on the cryptocurrency network currently hold $606.5 million worth of it. Polygon ($MATIC), which they hold for $167 million, is their second-largest holding after Ether and stablecoins.Bitpanda&#39;s $BESt token is the second-largest holding, followed by Chainlink ($LINK) and other significant digital assets such as SwissBorg (CHSB), a cross-crypto exchange app, Uniswap&#39;s ($UNI) native token, and Decentraland&#39;s $MANA. The Uniswap ($UNI) token is the third-largest holding. Another interesting holding is the native token of scaling solution Locus Chain ($LOCUS).Shiba Inu has surpassed all other altcoins among the top 2,000 largest Ethereum whales prior to the eagerly anticipated launch of Shiba Inu&#39;s layer-2 network Shibarium. According to CryptoGlobe, the network could be operational as early as May 2023. Shibarium&#39;s ecosystem is designed to make it simple and quick to exchange SHIB and other tokens. It also burns SHIB with each transaction.Shibarium&#39;s native token, Bone ShibaSwap ($BONE), is used to cover gas costs and reward validators and delegators on the network. Shiba Inu announced the start of PUPPYNET, Shibarium&#39;s early beta test, on March 11, 2023. Anyone can access PUPPYNET and test out Shibarium&#39;s features and capabilities via a brand-new website.Notably, SHIB has been under pressure from Voyager Digital, a defunct cryptocurrency lender that recently transferred trillions of tokens to the Nasdaq-listed cryptocurrency exchange Coinbase. Since February 14, Voyager has been sending assets to Coinbase on a regular basis. Voyager has transferred 2.24 trillion SHIB, or roughly $26 million, to Coinbase since then while still holding significant assets.The average amount of time Coinbase users keep the meme-inspired cryptocurrency before selling it or moving it to an external address has surpassed the 230-day mark, indicating that most Shiba Inu investors do not intend to sell in bulk.

Top Ethereum ($ETH) Whales Stockpile Over 56 Trillion Shiba Inu ($SHIB), Data Shows

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