Shiba Inu (SHIB) Starts 2023 Strong: Top 10 Purchased Token Among ETH Whales

Shiba Inu (SHIB) is making waves in the new year! Despite market fluctuations, SHIB has demonstrated remarkable resilience, consistently attracting significant interest from major Ethereum (ETH) whales. Recent data confirms Shiba Inu has re-entered the top 10 most purchased tokens list among the 500 largest Ethereum whales during the last 24 hours. This resurgence highlights the continued confidence and investment activity surrounding the popular meme coin.

As reported by popular wallet tracker WhaleStats, in the past 24 hours, the second biggest canine token, SHIB, has again climbed to the top 10 list of the most purchased tokens. This renewed interest showcases the potential and perceived value that large ETH holders see in Shiba Inu, even amidst evolving market dynamics.

While other tokens like CRV have briefly taken the lead in trading volume (WhaleStats in a tweet on January 17 revealed that the CRV token has flipped Shiba Inu (SHIB) to become the most traded token among the top 500 Ethereum), SHIB's consistent presence among the top purchased tokens is noteworthy. Shiba Inu has re-entered the top 10 list of most traded tokens by the 100 biggest whales on the Ethereum network.

The asset accounts for the single largest holding for any risk token for many of these whale wallets, indicating a substantial commitment and belief in the long-term potential of Shiba Inu. These findings demonstrate that SHIB remains a key player in the crypto landscape, especially among high-value Ethereum investors.