Among the top 2,000 Ethereum (ETH) whales, the popular Japanese currency Shiba Inu is in the top 10. SHIB is the most widely used asset and is ahead of Uniswap, BEST and even MATIC. Despite the turmoil in the industry following the FTX crash, the Shiba Inu seems to be on the mend. The rise in popularity of Bone ShibaSwap (BONE) and expected updates in 2023 are sparking community interest in the popular memcoin.
Ethereum whales hold nearly $50 billion worth of SHIB.
Ethereum whales continue to accumulate their favorite cryptocurrencies at a fraction of the price. The popular Shiba Inu memcoin often attracts interest from large ETH whales in such volatile market conditions. This is how 5,000 ETH whales currently hold nearly $47 million in SHIB coin. The leaderboard is followed by BEST and MATIC tokens worth over $33 million each.
The Shiba Inu is among the ETH whale favorites, especially since Bone ShibaSwap is currently attracting interest from the biggest investors. This is a gas tax token that is often bought along with the main token in the Shiba Inu ecosystem. Since the cryptocurrency market has plummeted following recent events, avid investors are buying crypto in the red. According to WhaleStats, SHIB is in the top 10 most bought cryptocurrencies in the last 24 hours.
Shiba Inu (SHIB) is among the top 10 Ethereum (ETH) whales
Shiba Inu have big prospects in 2023
IntoTheBlock statistics show that 80% of Shiba Inu owners are large whales. They account for at least 1% of the total circulation. Memcoin was no exception in the fall of the crypto market. It is down 11.8% on the month and down 90.7% from its all-time high set on October 28, 2021. However, this does not discourage the still optimistic community. Indeed, a lot of developments are planned for the next year.
Among other things, Shibarium is expected to be implemented in 2023. This is a Tier 2 Shiba Inu upgrade. Shytoshi Kusama is reportedly preparing to release the documents for this major update.
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