Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,615,780,726	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,615,780,726

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.000637	0.53%	0.120477	0.12047	0.120494

Price Change

Price Change %

Current Price

Bid Price

Offer

0.000637

0.53%

0.120477

0.12047

0.120494

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.121352	0.119682	0.11984	0.11984	0.064588 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.121352

0.119682

0.11984

0.064588 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	15:51:24	313.80	0.120477	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

15:51:24

313.80

0.120477

USD

Price x Volume	Volume	Base Symbol	Related Pairs
65,914.31	546,678.35	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

65,914.31

546,678.35

Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil

21/06/2022 10:00am

NEWSBTC

Shiba Inu is currently the second-largest crypto asset held among the top 100 Ethereum whales behind USDC, according to statistics from WhaleStats, although Ethereum (ETH) maintains the top rank. The most recent data from WhaleStats reveals the investment patterns of the top 100 non-exchange Ethereum addresses by wealth. The top 100 whales are essentially wallets with an average worth of $14 million. Tuesday’s market price for Shiba Inu is $0.00000827, up 3.7% over the last seven days, statistics provided by Coingecko shows. Suggested Reading | Bitcoin Climbs Back Above $20K, A Bit Of A Relief To The Sinking Crypto Market According to the blockchain data tracker, the top 100 Ethereum whales currently have SHIB worth $423,180,380, or 15.55 percent of their total holdings. In contrast, Circle’s USDC Stablecoin accounts for 18.08 percent, or $491,815,224 value. In addition, WhaleStats reveals that the average SHIB holdings are 463.5 billion tokens worth $3,678,366. This makes the dog-themed token the largest altcoin holding among Ethereum whales, excluding ETH and two stablecoins. Shiba Inu Yet To Show Strong Recovery The whales also favor holding the FTX token, Polygon’s MATIC, Chainlink’s LINK, and Decentraland’s MANA, among others. Nevertheless, despite strong demand, SHIB has shown no signs of improvement in over two months. Since mid-April, the meme coin’s value has decreased by 70.72 percent, representing a 70.72 percent loss. SHIB total market cap at $4.8 billion on the daily chart | Source: TradingView.com Whale wallets are also interested in FTX Token (FTT), the native asset of the well-known FTX cryptocurrency exchange, with an average supply of 140,651 tokens worth $3,241,465 in circulation. This investment group has an average of $1,744,056 worth of Bitpanda Ecosystem Token (BEST), placing it sixth among the top 100 ETH wallets. How Long Do Holders Keep Their SHIB? The following coin is CHSB, the native token of the cryptocurrency wealth management platform SwissBorg. The average number of tokens held by whales is above 6 million, with a total value of $1,103,965. WhaleStats also shows that wealthy Ethereum investors are purchasing the crypto exchange MXC for $1.1 million, and rounding out the top 10 is the 3D virtual reality environment Decentraland (MANA) for $818,038 and 1,057,781 tokens. Meanwhile, according to IntoTheBlock’s holders’ composition by time held, 21% of SHIB holders have kept their tokens for more than a year, 76% have held within a year, and 3% have held for less than 30 days. As the population of Shiba Inu continues to increase, the midterm holders have also been dispersed. Suggested Reading | Synthetix (SNX) Price, Monday’s Biggest Gainer, Balloons By 100% – Here’s Why Featured image from Watcher Guru, chart from TradingView.com

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