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.<\/p>\n
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.<\/p>\n
Tuesday\u2019s market price for Shiba Inu is $0.00000827, up 3.7% over the last seven days, statistics provided by Coingecko shows.<\/p>\n
Suggested Reading |\u00a0Bitcoin Climbs Back Above $20K, A Bit Of A Relief To The Sinking Crypto Market<\/p>\n
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\u2019s USDC Stablecoin accounts for 18.08 percent, or $491,815,224 value.<\/p>\n
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.<\/p>\n
Shiba Inu Yet To Show Strong Recovery<\/p>\n
The whales also favor holding the FTX token, Polygon\u2019s MATIC, Chainlink\u2019s LINK, and Decentraland\u2019s MANA, among others.<\/p>\n
Nevertheless, despite strong demand, SHIB has shown no signs of improvement in over two months. Since mid-April, the meme coin\u2019s value has decreased by 70.72 percent, representing a 70.72 percent loss.<\/p>\n\n
SHIB total market cap at $4.8 billion on the daily chart | Source: TradingView.com<\/p>\n
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.<\/p>\n
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.<\/p>\n
How Long Do Holders Keep Their SHIB?<\/p>\n
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.<\/p>\n
WhaleStats also shows\u00a0that 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.<\/p>\n
Meanwhile,\u00a0according to IntoTheBlock\u2019s holders\u2019 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.<\/p>\n
As the population of Shiba Inu\u00a0continues to increase, the midterm holders have also been dispersed.<\/p>\n
Suggested Reading | Synthetix (SNX) Price, Monday\u2019s Biggest Gainer, Balloons By 100% \u2013 Here\u2019s Why<\/p>\n
Featured image from Watcher Guru, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
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.<\/p>\n
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.<\/p>\n
Tuesday\u2019s market price for Shiba Inu is $0.00000827, up 3.7% over the last seven days, statistics provided by Coingecko shows.<\/p>\n
Suggested Reading |\u00a0Bitcoin Climbs Back Above $20K, A Bit Of A Relief To The Sinking Crypto Market<\/p>\n
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\u2019s USDC Stablecoin accounts for 18.08 percent, or $491,815,224 value.<\/p>\n
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.<\/p>\n
Shiba Inu Yet To Show Strong Recovery<\/p>\n
The whales also favor holding the FTX token, Polygon\u2019s MATIC, Chainlink\u2019s LINK, and Decentraland\u2019s MANA, among others.<\/p>\n
Nevertheless, despite strong demand, SHIB has shown no signs of improvement in over two months. Since mid-April, the meme coin\u2019s value has decreased by 70.72 percent, representing a 70.72 percent loss.<\/p>\n
SHIB total market cap at $4.8 billion on the daily chart | Source: TradingView.com<\/p>\n
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.<\/p>\n
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.<\/p>\n
How Long Do Holders Keep Their SHIB?<\/p>\n
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.<\/p>\n
WhaleStats also shows\u00a0that 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.<\/p>\n
Meanwhile,\u00a0according to IntoTheBlock\u2019s holders\u2019 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.<\/p>\n
As the population of Shiba Inu\u00a0continues to increase, the midterm holders have also been dispersed.<\/p>\n
Suggested Reading | Synthetix (SNX) Price, Monday\u2019s Biggest Gainer, Balloons By 100% \u2013 Here\u2019s Why<\/p>\n
Featured image from Watcher Guru, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-1697","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/1697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=1697"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/1697\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=1697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=1697"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=1697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}