Over the past week, the top SHIB whales on Ethereum have amassed approximately $128 million worth of Shiba Inu (SHIB), making it the number one non-ETH asset on the Ethereum whale holdings list.
According to WhaleStats data, since February 1, the top 100 Ethereum investors have increased their holdings of a large number of SHIBs. The value of their holdings has jumped from about US$599 million to about US$729 million, and the number of SHIBs has increased by 8749145591250.
This accounts for 18.5% of their portfolio, ranking second behind Ethereum, followed by stablecoins USDT (17.42%) and USDC (14.21%).
As a result, SHIB is now the most-held crypto asset (in USD equivalent terms) in these wallets after Ethereum. It is also currently the most traded coin by top whales on Ethereum.