HomeCrypto NewsAltcoinSHIB overtakes FTT in the list of top 10 coins...

SHIB surpasses FTT in the list of top 10 coins held by whales

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In the past two days, the Shiba Inu community has removed a significant amount of SHIB.

While, SHIB has passed FTX Token, regains its position in the top 10 largest cryptocurrencies held by USD value in the last 24 hours.

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In the past two days, SHIB Army has transferred a total of 315,7 million dong Shiba Inu to the dead wallet.

Token burning is a common practice to reduce the amount of cryptocurrency in circulation and thus price increase long term.

Online data platform WhaleStats, says Shiba has surpassed FTX Token (FTT) in the list of coins most held by whales.

However, with that, the total number of SHIBs held by these whales fell slightly below 400 million USD. SHIB is currently in position Tuesday, FTT holds the fourth place.

Top 100 Whales on Ethereum Chain Holds Worth of Shiba Inu 391.244.610 dollars, while it had previously exceeded $500 million, or even $1 billion, before the bear market began.

For FTX Token, this total amount that the whale owns currently is $ 328.626.696, representing 9,28% of their inclusive portfolio. SHIB occupies 11,7% among them.

The owner of the wallet “BlueWhale0079”, bought about 500 billion SHIB this month, also buy 250.000 FTXs, valued at $6.112.500.

This whale is currently ranked 410th on the WhaleStats scale.

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