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SHIB is the new biggest token

It’s always been a cat rat race between SHIB and FTX. According to WhaleStats, the Shiba Inu meme coin has surpassed FTT (the FTX exchange’s native token) as the asset with the highest USD value in the wallets of the top 1,000 Ethereum whales.

SHIB’s total holding value in US dollars is a stunning $1,665,876,442.

According to WhaleStats, the number of people who own Shiba Inus has reached a new high of 1,160,123. According to Twitter data, the top 1,000 ETH whale wallets currently contain a whopping 55,732,495,492,864 SHIB tokens, which are worth $1,202,858,432 in conventional cash. SHIB is being phased out of circulation by the Shiba Inu community. According to Etherscan, 156.3 million tokens have been permanently locked in a non-spendable wallet over the last three days. The largest SHIB transfers contained 30,000,000 and 20,000,000 tokens, respectively.

I know these figures are too difficult to digest at first glance. Why don’t you give another read to this article and comment your thoughts on this below?

Read More: Shiba Inu Developers collaborate with CoinMarketCap

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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