Shiba Inu Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Awaken: WhaleStats

Shiba Inu Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Awaken: WhaleStats


The largest Ethereum (ETH) whales are heavily invested in the popular memecoin Shiba Inu (SHIB) as the crypto markets flash signs of life, according to on-chain data.

Blockchain-tracking service WhaleStats reports that SHIB is the top altcoin holding among the 1,000 largest ETH whales, excluding ETH itself, the stablecoins Tether (USDT) and USD Coin (USDC), and Lido Staked Ether (stETH).

The top ETH 1,000 wallets hold more than $161.8 million worth of SHIB, good for about 5% of their combined holdings.

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Source: WhaleStats/Twitter

Shiba Inu is trading at $0.000011 at time of writing. The 15th-ranked crypto asset by market cap is down 3.84 in the past 24 hours but up 21% in the past seven days. The Dogecoin (DOGE) competitor remains more than 87% down

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