Two high-ranking ETH whales have amassed 106 million SHIB, according to recently disclosed on-chain data.
Two Ethereum whales, ranked 26th and 27th by the platform, made two transactions in the last 24 hours, accumulating a significant amount of Shiba Inu tokens, according to the blockchain tracking tool WhaleStats.
Aside from SHIB, Ethereum whales are still buying popular tokens like MATIC and LINK.
The contribution of whales exceeds 106 billion SHIB.
WhaleStats discovered two significant transactions involving 51,796,042,392 SHIB and 54,345,553,998 SHIB. The total value of these transfers was $1,084,609 and $1,067,346 dollars, respectively.
The difference in currency equivalent despite nearly comparable sums in SHIB can be explained by the fact that the token fell nearly 20% on January 24—from $0.00002325 to $0.00001871.
At the time of writing, the second most popular meme cryptocurrency is trading at $0.00002054.
The first whale's wallet — 0x2ee555c9006a9dc4674f01e0d4dfc58e013708f0 — holds $92,588,584 worth of SHIB (17.63 percent of their assets); the meme token comes in second after the Twitter token (22.61 percent of their portfolio worth $118,754,712).