Recent data from WhaleStats shows that Shiba Inu's SHIB/USD holdings of Ethereum ETH/USD whales have grown by hundreds of millions of dollars.
The WhaleStats data shows that the top 2000 ETH whales have accumulated more than $620 million worth of Shiba Inu, up from $161 million on Jan. 15.
Also, Shiba Inu is currently the most traded crypto among the top 100 ETH whales.
Other assets held by the top 2000 Ethereum whales include $69 million worth of oracle provider Chainlink LINK/USD, $63 million in decentralized exchange Uniswap UNI/USD, and $62 million in deflationary crypto BIT.
The whale accumulation of Shiba Inu comes as developers are set to launch a beta release of a proposed layer-2 network called Shibarium.
At the time of writing, SHIB was trading at $0.00001182, up 15% in the last seven days.
Next Read: Shiba Inu Rally Intact Even As Major Cryptos Turn Red — Is Meme Coin Overbought?
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