• SHIB as well as APE are both popular in the vicinity of ETH whale communities.
• SHIB flipped FTX over in early April as a result of tokens hodled ETH whales.
• Meanwhile, despite only being a month old – APE continues to trend.

SHIB (and APE) have become popular tokens on the blockchain over the past weeks. SHIB saw a surge in popularity over the past weeks. FTX was previously the leader of ETH tokens. APE, however, has continued to trend despite being only around for about a month.

Hodling is the top activity of #ETH whales

$1,453,904,437 $SHIB$1,209,706,068 #FTX Token$384,425,136 $BEST$309,111,958 $MATIC$290,662,992 $OKB$287,006,088 $LINK$281,284,891 $MANA$253,964,448 $CHSB

Whale leaderboard https://t.co/kOhHprRmd1 pic.twitter.com/yQ7XXSAqSF

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 26, 2022

The top 5,000 ETH-whale gang hodl mostly SHIB and have a value of nearly $1.5 billion. Closely behind them is FTX. FTX’s ETH whales have hodled the equivalent to $1.2 trillion. A distant third spot is meanwhile BEST (NYSE:), in which ETH whales hodl almost $400 Million.

SHIB also ranks at nearly 15% in ETH holdings, making it the most traded token other than ETH and stablecoins. It is also the highest-purchased token and the most sold token.

ETH whale “BlueWhale0073” just bought 219,332,229,787 $shib ($5,454,792 USD).

Ranked #5 on WhaleStats: https://t.co/RBupen06Pv

Transaction: https://t.co/jRf8wTAUMR#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 25, 2022

APE trails SHIB in terms of trading volume, top-purchased tokens and top-sold tokens.

Meanwhile, at the time of writing “BlueWhale 0073” who bought 420 billion SHIB tokens in the third week of April, just bought another 200 billion SHIB tokens.

The SHIB surge started around the second to the third week of April, especially when “BlueWhale0073” purchased the 420 billion SHIB tokens. This was followed by “Bombur”s purchases of 200 billion SHIB the following week. With “BlueWhale0073”’s purchase of 200 billion more tokens this week, both whales have purchased a combined amount of over 1.5 trillion SHIB tokens in a single week.

Additionally, SHIB’s hype also comes from its new projects like the Land Metaverse.

#ShibArmy, the wait is finally over – We are excited to announce that the first early access BID EVENT is now LIVE at https://t.co/w29zPzzQde

Important: To be eligible for this event, $LEASH and SHIBOSHI must be locked. You can also use the locking mechanism. pic.twitter.com/tMvpfgsrVu

— Shib (@Shibtoken) April 13, 2022

Apecoin continues to trend due to the amount of activity around it. Snoop Dogg, Wiz Khalifa and Wiz Khalifa have released 8 songs as NFTs last month. Yuga Labs also raised $450million from a seed round. Additionally, The ApeCoin-powered metaverse ‘Otherside’ is scheduled to reveal more information on April 30.

These tokens are a great asset to both the communities they serve. As more details are released about their projects, the prices of these tokens could continue to climb in the coming months.

You might want to make a purchase right now, before these projects are completed.

SHIB currently trades for almost $0.000025 and has experienced a 7% growth rate over the past 24 hours. The market capitalization is over $13billion and the 24-hour volume trading volume is just above $1 billion.

APE currently trades for almost $18 at the time this article was written. The stock has seen a 50% increase in value over the last 7 days. It is valued at more than $5Billion and has an hourly growth rate $2.5 billion.

Do you want to jump in, then?

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora advises its users to research cryptocurrency before making any investment.

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