Shiba Inu shot up to the top spot on its largest holding list, narrowly surpassing a whale address for the first time since January.

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Shiba Inu once again regained its throne as the biggest holding on whale-tier addresses, now with $1.7 billion worth of tokens being held by investors on the Ethereum network.

The sudden popularity of Shiba Inu reversed people's opinion on the coin, sending it to over $2.00 a piece.

The Shiba Inu that was worth $1000 on Feb. 3 is now worth approximately $1500.

At the local peak, the price of the token reached $0.000035 but then swiftly retraced down to $0.000029, dropping below the long-awaited $0.00003 zone.

Shiba Inu whale has emerged on the network by purchasing 3.4 trillion SHIB, worth more than $115 million.

While Shiba Inu regained its throne yesterday with $1.8 billion held by whales, the value of holdings has decreased to $1.7 billion due to market fluctuations.

At press time, Shiba Inu is trading at $0.00031 and showing 0.45% of daily growth while losing 15% of its value yesterday.