A cryptowhale has added 142.6 billion $SHIB as Shiba surpassed $USDT in the top 100 whales' portfolios. WhaleStats
Earlier this week, the owner of the"BlueWhale0073" wallet also bought 86,740,251,500 of Shiba canine tokens.
However, currently, SHIB is one of the smallest holdings of this investor; along with other small cap tokens, it comprises 0.78% of the whale's portfolio. The biggest assets held in this wallet are dollar-backed stablecoins USDT and USDC. LINK is the third largest position of this investor.While some whales continue to buy SHIB on the dip and sell it once the price goes up a little, the amount of wallets holding this token long-term is decreasing.
As per WhaleStats, the overall amount of Shiba Inu held by ETH whales has now dropped below the $500 million mark, now comprising $486,675,304 worth of SHIB. That is slightly less than 11% of the whales' comprised portfolio. Curiously, the SHIB stash held by the top 100 whales on ETH is bigger than that of the USDT stablecoin; the latter constitutes 10.57% compared to 10.84% of SHIB.
After Terra's UST collapsed below zero recently, and USDT's dollar peg went through slight turbulence, the trust of these investors in this Tether stablecoin seems to have diminished.
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