Shiba Inu Is Back Among Top 10 Most Purchased Tokens By Ethereum Whales

Shiba Inu SHIB/USD, the self-described “Dogecoin DOGE/USD  killer”, has re-emerged among the ten most purchased tokens by Ethereum ETH/USD whales.

What Happened: The 1,000 biggest Ethereum wallets are holding 62 trillion Shiba Inu tokens valued at $1.57 billion, cryptocurrency data platform WhaleStats said in a tweet.

The Ethereum whales on average bought $12,772 worth of Shiba Inu, the data showed.

Shiba Inu currently ranks third among the top ten cryptocurrencies held by Ethereum whales, with an average holding amount of $15.05 million, as per WhaleStats data.

See Also: How To Buy Shiba Inu Coin (SHIB)

Why It Matters: It was reported in February that Shiba Inu is held by over 1.18 million Ethereum wallets.

Several major companies now accept Shiba Inu and Dogecoin as payment for their products and services.

Shiba Inu announced on Twitter Monday that it has entered into a partnership with the John Richmond fashion label.

Price Action: Shiba Inu is up 4.9% during the past 24 hours, trading at $0.00002695 at press time.

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