Shiba Inu Coin News: SHIB, a meme cryptocurrency created in August 2020, has gained ground tremendously over the past few weeks. This newfound momentum has been triggered by extended hype on the project’s plans to launch Shibarium and other factors. Hence, Eth whales are notably taking advantage of Shiba Inu’s growth during this time.
According to WhaleStats, the 100 largest ETH whales on record now hold a staggering 506,011,531,298 SHIB worth $7,180,303. This puts it ahead of Ethereum (12,463) and even the stablecoins USDT and USDC which make up 6,739,791 and 5,683,886 of the holdings of these whales, respectively.
SHIB is priced at $0.00001421 at the time of publishing, up 0.93% in the last 24 hours and more than 20% in the past seven days. With a nearly 67% of price surge in the last 30 days, this meme coin has managed to outperform its main rival Dogecoin (DOGE) which was up by 23%. Read more Shiba Inu Coin news here…
In its recent tweet, Shiba Archives revealed that Shiba Inu (SHIB) has crossed the 1.3 million mark in the total number of holders. With the hype surrounding Shibarium, this canine-themed asset has had 25,813 holders since January 1, 2023.
JUST IN: $SHIB has just reached 1.3 million holders amid the release of Shibarium!
– Shiba Archives (@ShibaArchives)
In search of an attractive investment opportunity, many new investors are moving their attention toward SHIB. According to CoinMarketCap data, the total number of Shiba Inu holders currently sits at a whopping 1,300,815 with 14,645 addresses active in the past 24 hours.
Also Read: Shiba Inu Coin Burn Rate Plunges Ahead Of Shibarium Launch
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice. The whole purpose of “Shiba Inu News: Ethereum Whales Boost SHIB To Top Holding” is to educate and provide information about what is trending in the crypto space. Anyone planning to invest in crypto assets should seek his or her own independent financial or professional advice.
U.S. Congressman Nick Begich has introduced the American Reserve Modernization Act, which seeks to establish…
Blockchain.com, a popular crypto exchange, has now filed confidential documents for an IPO in the…
Crypto ETF issuer Grayscale is rapidly accumulating HYPE, signaling significant institutional interest in the Hyperliquid…
The XRP Ledger (XRPL) is to undergo a major upgrade next week to introduce key…
Payward, the parent company of the Kraken crypto exchange, has been approved by the Virtual…
Binance has launched a new product that enables traders to make predictions about the price…