WhaleStats has reported that the top 2000 ether ETH/USD Whales hold $606,553,503 in the value of Shiba Inu SHIB/USD.

According to Whale Alert, Shiba Inu has become the most traded token among the top ETH whales, and it has taken a beating chain link LINK/USD.

Blockchain tracking service Etherscan has reported that a major crypto whale amassed 118,058,494,947 SHIB worth $1.34 million.

The prominent investor owns 19,801,902,912,350 SHIB worth more than $225.34 million, accounting for almost 40% of the whale’s crypto portfolio.

According to the Etherscan report, the investor owns Ethereum-based altcoins, including polygon MATIC/USD. The Ethereum whale holds 47,177,429 MATIC worth over $55 million.

Also read: Shiba Inu surges higher as Meme Crypto is the most traded among top 1000 Ethereum whales

At the time of writing, SHIB was trading at $0.0000113, down 9% over the past seven days.

SHIB is attracting more interest after Kusama last week invited anyone interested in contributing to the Shiba Inu Layer 2 network Shibarium to join the Join Shibarium portal.

The beta version of Shibarium is expected to be released next week.

“Ideally, this inclusion system allows us to find the best projects and link them to others who are helping or can help. It allows us to meet the army while staying organized. It allows us to grow Shibariums to reach professional companies and allows us to reshape our relationships with companies we have been associated with in the past. After all, it helps us to find the right auditors,” Kusama said in a blog post.

According to the report, the new network will boost transaction speeds and reduce gas consumption.