{"id":521953,"date":"2023-03-06T10:54:10","date_gmt":"2023-03-06T10:54:10","guid":{"rendered":"https:\/\/ktsl888.com\/?p=521953"},"modified":"2023-03-06T10:54:10","modified_gmt":"2023-03-06T10:54:10","slug":"shiba-inu-is-the-crypto-of-choice-by-top-100-ethereum-whales-heres-why","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-is-the-crypto-of-choice-by-top-100-ethereum-whales-heres-why\/","title":{"rendered":"Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales – Here’s Why"},"content":{"rendered":"
Shiba Inu has surged in popularity in recent months, drawing the attention of investors and cryptocurrency enthusiasts alike. As the cryptocurrency market continues to evolve, SHIB\u2019s rise has caught the attention of those looking for the next big investment opportunity, as evidenced by Ethereum whales.<\/span><\/p>\n Despite the coin’s price decline in the past few months, <\/span>data from WhaleStats<\/span><\/a> shows that SHIB is the most popular cryptocurrency held among the top 100 Ethereum whales, at 12%, with a value of $601.2 million worth of SHIB.<\/span><\/p>\n \ud83d\udc33 The top 100 #ETH<\/a> whales are hodling<\/p>\n $601,204,724 $SHIB<\/a> Whale leaderboard \ud83d\udc47https:\/\/t.co\/N5qqsCAH8j<\/a> pic.twitter.com\/ESbLhozSRo<\/a><\/p>\n \u2014 WhaleStats (tracking crypto whales) (@WhaleStats) March 5, 2023<\/a><\/p><\/blockquote>\n Surprisingly, this number only accounts for around 10% of the altcoins owned by ETH whales, as most major investors now own more stablecoins. The top 1,000 ETH holders collectively have approximately $1.06 billion in USDC and $808 million in USDT.<\/span><\/p>\n SHIB’s price, which has been driven by bearishness, may be affected by reinvigorated investor interest following Shiba Inu’s breakthrough over the Ethereum whales.<\/span><\/p>\n For the past week, SHIB’s price performance<\/a> has been poor, trading at $0.00001195, down nearly 11% in the previous week. SHIB was trading at $0.00001104, with\u00a0<\/span>only $172 million worth of Shiba Inu coins traded by crypto investors in the last 24 hours, data from crypto market tracker Coingecko shows.<\/span><\/p>\n Also, WhaleStat tracks the most traded currencies, largest token positions by dollar value, most used smart contracts, and most sold coins of big investors. While the award for most valuable cryptocurrency went to Shiba Inu, the USDC stablecoin was the clear winner everywhere else.<\/span><\/p>\n As the popularity of the Shiba Inu cryptocurrency continues to grow, experts are warning of potential risks and uncertainties associated with investing in the meme-based digital currency. <\/span><\/p>\n Despite its rapid rise in value, Shiba Inu remains a highly volatile and unregulated investment, with no clear underlying value or practical use case.<\/span><\/p>\n While some investors are attracted to the potential gains that come with early adoption of a new cryptocurrency, others warn that Shiba Inu’s popularity may be fueled by hype and speculation rather than any fundamental value.\u00a0<\/span><\/p>\n <\/p>\n\n
\n$155,922,150 $BEST<\/a>
\n$150,251,240 $MATIC<\/a>
\n$131,748,690 $CHSB<\/a>
\n$130,938,527 $LINK<\/a>
\n$72,726,301 $UNI<\/a>
\n$70,172,580 $LOCUS<\/a>
\n$63,302,192 $MANA<\/a><\/p>\nShiba Inu: The Most Coveted Cryptocurrency<\/strong><\/h2>\n
What The Popularity Of Shiba Inu Means<\/strong><\/h2>\n
SHIB total market cap at $6.5 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n