Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Shiba Inu has surged in popularity among Ethereum’s Top 100 Whales.
- An unidentified wallet burned 27 million SHIB tokens.
Shiba Inu (SHIB), the popular dog-themed memecoin, has become the top-held cryptocurrency among the 100 largest Ethereum (ETH) whales. The memecoin has attracted significant attention in recent months, with its popularity soaring among Ethereum’s top-tier holders.
According to a report by Whalestats, the top 10 ETH whales hold 49,621,465,093,470 (49.62 trillion) SHIB tokens, valued at $601,204,724 ($601.20 million). SHIB ranks as the fourth most-held token among Ethereum’s top 100 whales, trailing only Ethereum, USD Coin (USDC), and Tether (USDT).
Related Posts
Mysterious Shiba Inu Burn by Unknown Wallet
Shiba Inu has also become the most traded token among top Ethereum whales. Furthermore, SHIB represents the largest token position by dollar value. This unexpected surge in SHIB highlights the growing influence of memecoins in the crypto market and marks a remarkable achievement for SHIB in gaining favor among Ethereum’s top 100 whales.
However, the top 100 ETH whales continue to favor Ethereum, currently holding a substantial 3,126,300 (3.12 million) ETH. This interest from Ethereum whales follows the announcement by SHIB’s creator that the development of Shibarium has reached its final stage.
Recently, the SHIB community reported that an unknown wallet burned 27 million Shiba Inu tokens. SHIB has garnered considerable attention as a memecoin, further boosted by this mysterious burn event.
At the time of writing, the trading price of Shiba Inu was approximately $0.000007342, reflecting an increase of over 1.35% in the last 24 hours. According to CoinMarketCap, the trading volume of SHIB has declined by 25.83%.
