{"id":8454,"date":"2022-02-20T09:28:37","date_gmt":"2022-02-20T09:28:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=8454"},"modified":"2022-02-20T09:28:37","modified_gmt":"2022-02-20T09:28:37","slug":"top-1000-eth-wallets-hold-2-billion-shib-but-what-does-it-mean-for-traders","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=8454","title":{"rendered":"Top 1000 ETH wallets hold $2 billion SHIB, but what does it mean for traders"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"mvp-content-main\">\n<p>Deep-pocketed crypto investors on the smart contract platform Ethereum (<a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=ETH\" data-wpel-link=\"internal\" rel=\"noopener\">ETH<\/a>) were trending in the news with their acquisition. The top 1,000 whales by assets increased their exposure to the meme-inspired cryptocurrency Shiba Inu (<a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=SHIB\" data-wpel-link=\"internal\" rel=\"noopener\">SHIB<\/a>).<\/p>\n<h3><strong>Shopping spree<\/strong><\/h3>\n<p>New data from WhaleStats on 17 February showcased that ETH whales\u2019 holdings surpassed the $2 billion mark as SHIB topped the list of altcoins by total holdings. The top 1000 ETH wallets were <a target=\"_blank\" href=\"https:\/\/twitter.com\/WhaleStats\/status\/1494474824126799872\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">holding<\/a> 18,266,568,894,208 SHIB tokens. This amounted to $2,604,410,281 at press time.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Value of <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">$SHIB<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/Shibtoken?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">@Shibtoken<\/a> held by the top 1000 <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#ETH<\/a> whales just reclaims $2B &#x1f973;&#x1f973;<\/p>\n<p>&#x1f449; Specifically $2,761,646,130 (18,260,127,622,912 <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#SHIB<\/a>) &#x1f433;&#x1f433;<\/p>\n<p>Whale leaderboard: <a target=\"_blank\" href=\"https:\/\/t.co\/28TDZ6JFiD\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">https:\/\/t.co\/28TDZ6JFiD<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ShibArmy?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#ShibArmy<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Shiberse?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">#Shiberse<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/aLpn1SkwDm\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/aLpn1SkwDm<\/a><\/p>\n<p>\u2014 WhaleStats \u2013 BabyWhale ($BBW) (@WhaleStats) <a target=\"_blank\" href=\"https:\/\/twitter.com\/WhaleStats\/status\/1494156262522908672?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">February 17, 2022<\/a><\/p>\n<\/blockquote>\n<p>This wasn\u2019t the first shopping foray here. On 16 February, the WhaleStats platform tweeted a fresh list of crypto assets, comprising the largest parts of their holdings. Meme cryptocurrency, Shiba Inu <a target=\"_blank\" href=\"https:\/\/twitter.com\/WhaleStats\/status\/1493574015520505857?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1493574015520505857%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fshib-is-top-coin-held-by-major-eth-whales-details\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">was in the first place<\/a>, totaling 16.74%\u00a0worth $1,701,965,649.<\/p>\n<p>Apart from this, the crypto whales also devoured Polygon at an average of $36,735 for 19,919 <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=MATIC\" data-wpel-link=\"internal\" rel=\"noopener\">MATIC<\/a> tokens. In fact, metaverse game <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=Decentraland\" data-wpel-link=\"internal\" rel=\"noopener\">Decentraland<\/a> cracked the top-10 spot over the last week. Interestingly, the whales <a target=\"_blank\" href=\"https:\/\/www.whalestats.com\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">dropped<\/a> $18,505 on average to purchase 5,502 MANA.<\/p>\n<p>Overall, SHIB has had an interesting start to 2022. Despite a few hiccups, it <a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\">outperformed<\/a> a majority of altcoins as most of the assets were moving in the \u201cred zone\u201d. However, not everyone was on the same page. Binance Smart Chain (<a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/?s=BSC\" data-wpel-link=\"internal\" rel=\"noopener\">BSC<\/a>) whales <a target=\"_blank\" href=\"https:\/\/ambcrypto.com\/top-bsc-whales-are-changing-their-crypto-portfolios-and-heres-what-theyre-buying\/\" data-wpel-link=\"internal\" rel=\"noopener\">didn\u2019t quite show<\/a> the same enthusiasm towards the second-largest canine cryptocurrency.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/top-1000-eth-wallets-hold-2-billion-shib-but-what-does-it-mean-for-traders\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deep-pocketed crypto investors on the smart contract platform Ethereum (ETH) were trending in the news with their acquisition. The top 1,000 whales by assets increased their exposure to the meme-inspired cryptocurrency Shiba Inu (SHIB). Shopping spree New data from WhaleStats on 17 February showcased that ETH whales\u2019 holdings surpassed the $2 billion mark as SHIB [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[1065,181,1003,557,114,180,833],"class_list":["post-8454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-billion","tag-eth","tag-hold","tag-shib","tag-top","tag-traders","tag-wallets"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/todd-cravens-QnBrjY-nFUs-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8454"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8454\/revisions"}],"predecessor-version":[{"id":8456,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8454\/revisions\/8456"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/8455"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8454"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}