This makes 10% of Shiba Inu’s capitalization concentrated in hands of big playersWhaleStats, a portal that tracks the activity of major Ethereum (ETH) holders, has shared information On the structure of the position of the top 2,000 ETH whales. According to the data, SHIB holds the largest share of whales’ portfolios, apart from stablecoins and Ethereum. The share of tokens is 10% of the total and is equivalent to $660 million. By comparison, the overall capitalization of the Shiba Inu project is in the neighborhood of $6.6 billion. Thus, it turns out that by holding 10% of their portfolio in SHIB, the top 2,000 ETH holders hold 10% of the Shiba Inu’s entire capitalization.
Are these statistics alarming? Hardly. On the contrary, the entrance of such big crypto market players into the project, which a year ago was considered by many a joke, indicates their recognition of the merits of the Shiba Inu team. Considering that SHIB’s neighbors in the ranking are such bright crypto startups as Decentraland (MANA), Chainlink (LINK) and Polygon (MATIC), SHIB’s share still prevails the share of these tokens by 5 times.
SHIB. busy week for
The past week has brought many good news and events for the Shiba Inu. So, celebrating its two-year birthday on August 2, the project revealed many details on its highly anticipated game called “Shiba Eternity”, developed in collaboration with PlaySide Studios. It is important to note that the announcement was also not without the close attention of Ethereum whales.
Further, it became known that Binance, one of the world’s largest crypto exchanges, included SHIB in the list of coins that can be used to pay through Binance Card. This event, in turn, made it possible to use SHIB as a payment method in the European Economic Area.
