Over a trillion $SHIB grabbed by investors as ShibaInu surpassed all other altcoins in top ETHwhales' bags. WhaleStats
At press time, the 100 largest Ethereum whales are holding $601,204,724 worth of Shiba Inu in their combined portfolio. This constitutes 11.94% of it. SHIB here is the largest holding in USD equivalent, coming only after USDT and USDC stablecoins. Despite the recent turmoil on the crypto market and a short depegging of USDC, whales seem to still have a lot of faith in it, holding $789,051,954 in this stablecoin – 15.67% of a single asset in whales' portfolios.
Back then, several times, half a billion SHIB were burned within 24 hours, and once even a billion of these meme tokens were burnt. These"burns," in theory, help the token to become a more scarce asset and therefore push its price up, so the SHIB army is striving to burn as many coins as they can.
As reported by U.Today earlier, on March 20, several tweets from crypto tracker Whale Alert showed that 24.9 trillion Shiba Inu were withdrawn from major crypto player Crypto.com. That was 4.22% of the SHIB circulating on the market and a whopping 46% of the company's SHIB holdings overall. The crypto community was abuzz with comments. However, an explanation emerged on Twitter from the platform's chief executive Chris Marszalek.
He stated that these consecutive massive transfers of the popular meme coin were nothing but standard custody operations to ensure the safety of Crypto.com's funds. It should not affect clients in any way, according to him.
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