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Shiba Inu is Third on the List of Ethereum Whales After ETH and USDC

Shiba Inu is Third on the List of Ethereum Whales After ETH and USDC
Shiba Inu is Third on the List of Ethereum Whales After ETH and USDC

Introduction

As per WhaleStats data, Shiba Inu is now the currency of choice for the top 100 Ethereum Whales. Shiba Inu comes third in the list after USDC (USD Coin). There is no prize for guessing the top currency on the list, which is Ethereum (ETH). In terms of value, the SHIB coins held by Ethereum whales are roughly over $423 million at the time of writing,

Shiba Inu’s Percentage Share Held by Ethereum Whales

In terms of percentage, Shiba Inu coins form just over 15% of ETH whale’s total holdings, which is a decent share considering that they are mostly aligned with Ethereum. The USD coin, which is a stablecoin, comes in second with a total share of just over 18%. Just last week, there were reports by U.Today that the percentage of long-term Shiba coin holders was 19%. But within a week, this number has gradually risen to 21%. The consistent rise of Shiba Inu coin holders is good news for new Shiba Inu investors who were doubting the currency’s value in the long run.

Shiba Inu Loses a Zero within a Day, Climbs 29.69% in 24 Hours

Shiba Inu coin has risen from the ashes and is seemingly on its way back to the perch. It is extremely good news for long-term and new SHIB investors.

At the time of writing, the value of Shiba Inu rose to $0.00001051. Within a day, the price of Shiba Inu jumped from a low of 0.000007979 to a high of 0.00001051, losing a zero in the process.

Shiba Inu’s meteoric rise can be attributed to a move to Shibarium, which is a much-anticipated blockchain/layer-2 solution.[VM1] 

Conclusion

After the founder of Shiba Inu Ryoshi left the project, the coin experienced a significant downturn in its fortunes. But the recent spurt in price is very promising amid the doom and gloom in the entire crypto industry

Also Read:

Why will Shiba Inu not Go Down like Terra Luna?

The Basics of Non-Fungible Tokens (NFTs)

Is Shiba Inu Coin Heading Towards a Zero?

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