Largest Ethereum whales no longer hold Shiba Inu coins among their top 10 assets, suddenly switching to other coins
According to leading wallet tracker WhaleStats, the top 100 whales on Ethereum’s chain no longer support SHIB meme coin, after they removed it from their top 10 holdings list over the weekend.
Whales dump their SHIB, but there’s a catch
WhaleStats has reported that, over the weekend, second most popular meme coin by market cap Shiba Inu has disappeared from the list of the top 10 assets held by these whales.
The chart below also shows that whales are turning their attention to other altcoins, such as MANA and stETH. These two are the largest and first coins in the top 10 list of holdings at the moment.
They are followed by ANT, ENJ, UTK, CVC, TKN, DAWN and SNT. Beyond that top 10 list, like at least the top 20, SHIB cannot be found either.
However, the top rich list on the same platform shows that the biggest Ethereum investors are still holding SHIB. The largest wallets on this list now hold an impressive amount of this meme token – 18,113,302,000,496 worth $178,053,759. Other whales have $100 million in this coin or less, but they still hold it.
The first 10 wallets on the list after the address that we mentioned above contain $98 million to $100 million in SHIB each. This is the equivalent of 10,000,000,000,008 meme coins.
According to WhaleStats the total number of SHIB holders now stands at 1,255,976.
SHIB surged 6% today
Earlier today, Shiba Inu token demonstrated a rise by 5.94%, jumping from the $0.00000935 to the $0.00000990 level after SHIB printed a big long green hourly candle followed by a smaller one.
This is an overall significant jump in the coin’s price since November 22 (when it was trading at $0.00000821) as SHIB has risen, increasing its value by almost 20%.
Over the past seven days, the asset has shown a rise by 8.38%. Still, the current price of SHIB on charts is 88.91% below the historic peak reached by the meme coin in late October last year.
