Shiba Inu (CRYPTO: SHIB) is once again the most held token among the 100 largest Ethereum (CRYPTO: ETH) whales.
What Happened: According to an alert from on-chain wallet tracker Whale Stats, SHIB flipped FTX Token (CRYPTO: FTT) to become the biggest dollar holding among the richest Ethereum whales.
JUST IN: $SHIB @Shibtoken has flipped #FTX Token for biggest holding by dollars among top 100 #ETH whales
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) May 3, 2022
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#SHIB #FTX Token #whalestats #babywhale #BBW pic.twitter.com/GyoVLuyh6X
While the token has reclaimed the top spot among Ethereum whales, the average number of transactions has seen a significant decline.
See Also: IS SHIBA INU (SHIB) A GOOD INVESTMENT?
Data from Bloxy revealed that the total number of SHIB transactions was just 216,260 in April despite the meme coin being listed by Robinhood Markets Inc (NASDAQ:HOOD).
SHIB’s highest transaction volume was over 1.3 million in the month of October, coinciding with its price hitting an all-time high.
Price Action: The meme-based cryptocurrency is down 76% from its all-time high of $0.00008616 and is currently trading at $0.00002069.
