CRV Flips Shiba Inu To Become Most Traded Among Whales – Crypto News – Crypto News
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CRV Flips Shiba Inu To Become Most Traded Among Whales – Crypto News

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Curve DAO Token (CRV) flips Shiba Inu (SHIB) to become the most traded token among the top Ethereum whales, Shiba Inu occupied the top position among whales in the last few weeks due to the anticipated launch of the Shibarium Layer-2 blockchain solution.

In fact, the CRV price also witnessed a massive 70% rally in the last few days, with the current price trading at $0.9119.

Shiba Inu Loses Top Position to CRV Token

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 whales.

CRV also became the top 10 purchased tokens among 100 biggest eth whales in the last 24 hrs. Similarly, the token gathered attention from top 2000 ETH whales in the last 24 hours.

Although CRV flipped the SHIB token, Shiba Inu still holds the largest token position by dollar value with the current market cap of $5,750,962,661 USD. Furthermore, 549,063,278,876,302 SHIB coins are circulating in the market, more than Curve DAO Token.

Shiba Inu observed a massive decline in its price over the period of the last year. Its price shrinks immensely amid the selloff by whales. SHIB price is currently trading at $0.00001067, up nearly 3% in the last 24 hours.

Meanwhile, Curve DAO Token (CRV) is currently trading at $0.9119, up over 6% in the last 24 hours. CRV witnessed a massive 70% rally since the start of the year, almost doubling the price of CRV.

CRV showed positive signs and upward trends in the last week as well. Curve DAO Token currently has a market cap of $1,715,263,906.25.

Shiba Inu’s Whale Accumulation Ahead of Shibarium Beta Launch

The Shiba Inu community actively awaits the anticipated launch of shibarium beta in early 2023. Shiba Inu ecosystem tokens SHIB and BONE have rallied immensely in the last few weeks.

While SHIB has lost the most traded token position, it has remained whales’ most favorite meme coin. SHIB is also among the top 10 purchased tokens among 100 biggest eth whales in the last 24 hours.

Also read, Circle CEO Jeremy Allaire Hints At Another FTX-Like Insolvency In 2023

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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