Shiba Inu ends the year on a high note by securing first place as the biggest holding company
The year 2021 was a triumphant one for the meme-based token that has changed the lives of many people with a 1,000% run back in October and million percentage returns since the first listings. The asset currently remains one of the most popular positions on the cryptocurrency market with more than 1.1 million holders.
Shiba remains the most popular asset among whales
At the end of 2021, Shiba Inu remains the most popular holding among the 1,000 largest Ethereum addresses, with $ 1.8 billion sitting on many whale-level addresses. While the asset’s holding value has fallen below $ 1.8 billion previously, there is positive sentiment in the market just ahead of the New Year’s celebration.
Other markets and on-chain Shiba Inu metrics have also entered the green zone and shown growth in net flow, the average balance on whale-tier wallets and the average value of SHIB holdings.
The growth of related measures is linked to the 2% price increase of Shiba Inu today and the absence of almost any selling pressure, depending on transaction volumes.
SHIB’s market performance and volatility
While overall market data for Shiba Inu is looking highly positive, the volatility of the asset is still sitting at extremely low values, reaching 2% per day, which is the rate common for traditional stocks, bonds and foreign currencies.
According to the history of the token market, increased volatility is one of the main “selling points” of Shiba Inu, with the majority of users buying assets in order to “hit the jackpot” by riding another 100% wave. which came as no surprise to SHIB. .
