$2,800,000,000 Crypto Whale Scoops Up Shiba Inu (SHIB) on Binance Smart Chain As Others Stack Ethereum (ETH) and Polkadot (DOT)

Time Stamp: February 14, 2022 4:00 PM
Source Node: 1174770

The largest crypto investors in the Binance Smart Chain (BSC) ecosystem are gathering massive amounts of a popular meme coin as well as two competing blockchain protocols.

New data from WhaleStats analyzing the behavior of the 1,000 largest BSC addresses excluding known crypto exchanges reveals that the richest wallet is taking a major interest in Shiba Inu (INU), buying 139,929,254,883 SHIB for over $4.23 million.

The mega whale’s total holdings are worth more than $2.38 billion, with Binance Coin (BNB) accounting for over 74% of its contents.

WhaleStates says that SHIB recently temporarily held the top spot for 24-hour trading volume among the BSC whales with an average buy-in of $4,249 for 140,454,463 tokens.

Source: WhaleStatsBSC/Twitter

All told, among combined BSC wallets SHIB accounts for 1.03% of holdings, valued at $26.25 million.

WhaleStats reports that over the past 7 days, BNB whales have also been gobbling up leading smart contract platform Ethereum (ETH), buying on average 29 tokens for a bill of $91,397.

Also on the BNB whale menu is cross-chain interoperability protocol Polkadot (DOT), which saw an average investment of $27,912 for 1,281 tokens.

Currently, Ethereum is up over 2% to $2,948 while Polkadot is trading sideways at $18.90.

Source: WhaleStatsBSC/Twitter

WhaleStats also says that Shiba Inu’s momentum has carried over cross-chain, noting that among the richest 1000 ETH wallets the meme coin has returned to the top 10 with an average buy-in just below $500 for 16,500,000 SHIB.

At time of writing, Shiba Inu is the #14 crypto by market cap and trading for $0.00003.

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The post $2,800,000,000 Crypto Whale Scoops Up Shiba Inu (SHIB) on Binance Smart Chain As Others Stack Ethereum (ETH) and Polkadot (DOT) appeared first on The Daily Hodl.

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