What SHIB flipping MATIC in terms of trading volumes means for traders

ambcrypto.com:

Ethereum whales have once again showcased their loyalty towards their favorite puppy, Shiba Inu. At press time, SHIB witnessed a minor 0.5% correction (24 hours) as it traded at the $0.00002 mark. However, over the last day, it has lost 5.19% of its value.

Even so, the interesting point is- Despite near-term bearishness, whales continued to HODL.

According to a new tweet from the whale-tracking website WhaleStats, SHIB surpassed ETH layer-2 scaling solution Polygon (MATIC) as the top traded crypto asset among the top 500 Ethereum wallets.

 “Just in: SHIB flipped MATIC for most traded token among top 500 ETH whales.”

In the list of the total holdings of all the tokens, SHIB accounted for more than 14% as compared to other tokens.

Source: Whalestats

In addition, the top 5000 ETH whales’ acquisitions collectively hold $1.46 billion worth of Shiba Inu tokens. Needless to say, SHIB topped the charts here as well. 

Now, “BlueWhale0073′ continued to buy Shiba Inu this month. Since 10 April, the buyer acquired over 1.2 trillion SHIB tokens, along with a few other ETH investors who purchased massive chunks of Shiba Inu.

Again, on 23 April, ‘BlueWhale0073’ address bought a close to 90 billion SHIB – 86,679,001,529 tokens, paying $2,111,500 for that significant amount of crypto.