The largest Ethereum (ETH) whales are now holding more than $600 million worth of Shiba Inu (SHIB) as the meme token is attracting more developer interest.
According to crypto whale tracker Whale Alert, the most valuable token holdings among the 2,000 largest ETH whale holders is $606,553,503 worth of SHIB.
“The top 2,000 ETH whales are hodling:
- $606,553,503 SHIB
- $167,714,936 MATIC
- $155,922,150 BEST
- $149,437,264 LINK
- $131,748,690 CHSB
- $96,219,283 UNI
- $70,172,580 LOCUS
- $69,722,963 MANA”
Whale Alert also noticed that the dog-themed meme token SHIB became the most traded token among the top ETH whales, beating out Chainlink (LINK).
“JUST IN: SHIB flipped LINK for MOST TRADED token among top 100 ETH whales.”
However, SHIB’s top traded token status was short-lived with LINK taking back the number one spot a few hours later.
“JUST IN: LINK flipped SHIB for MOST TRADED token among top 500 ETH whales.”
The Shiba Inu ecosystem is seeing a surge of interest after launching a new portal to attract developers, entrepreneurs and community members to its soon-to-launch layer-2 scaling solution Shibarium.
Pseudonymous Shibarium lead developer Shytoshi Kusama said that just days after launching the “Join Shibarium” portal thousands of responses came pouring in from those looking to build Web3 projects in the ecosystem, bring their business to Shibarium, become a validator, work with Shiba Inu or create content.
Shiba Inu is expecting to launch a Shibarium beta version next week. Shibarium is designed to be similar to other layer-2 scaling solutions like Polygon (MATIC). The new network is expected to significantly speed up transaction speeds and lower gas fees.
Shiba Inu is trading for $0.0000113 at time of writing.
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Featured Image: Shutterstock/Sandy MacKenzie/WindAwake