This Token Overtakes Shiba Inu to Become the Largest Holder of ETH Whale

Shiba Inu has managed to be among the largest tokens held by Ethereum’s largest whale for a long time. But for the past few months, a new token has established itself in whales’ wallets and has overtaken SHIB to become the largest token held.

According to Whale Stats, a whale tracking tool, Silverway (SLV) became the largest token by monetary value among the top 100 ETH whales. They now hold over $1.72 billion worth of SLV tokens. This represents approximately 40% of the total holding. SLV also became the most widely held token in the wallet.

However, the price of the Silverway token has not seen such a surge. It is trading at an average price of $0.000071.

Meanwhile, Shiba Inu’s total stake has shrunk to around $506.9 million from the top 100 whales. This represents 11% of the total detention of whales. However, SHIB was also ranked among the top 10 tokens by trading volume by the top 100 ETH wallets.

Shiba Inu prices have jumped around 7% in the last 24 hours. Its 24-hour trading volume jumped more than 150% to $925.8 million. The second largest meme cryptocurrency holds a market capitalization of $6.54 billion.

Eth whale adds $145 million worth of FTX tokens

According to whale statistics, ETH whales have accumulated FTX (FTT) tokens in the last 24 hours. It reentered the top 10 list by trading volume among the top 100 Ethereum wallets again in the same time period.

Whales bought over $145 million worth of FTT tokens in the last day. ETH wallet named “BlueWhale0116” bought over $131.6 million from FTX. It is important to note that this purchase was made in a single transaction.

However, the price of the FTX token did not increase following this purchase. It traded down 3% in the last 24 hours.

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