{"id":521953,"date":"2023-03-06T10:54:10","date_gmt":"2023-03-06T10:54:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521953"},"modified":"2023-03-06T10:54:10","modified_gmt":"2023-03-06T10:54:10","slug":"shiba-inu-is-the-crypto-of-choice-by-top-100-ethereum-whales-heres-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-is-the-crypto-of-choice-by-top-100-ethereum-whales-heres-why\/","title":{"rendered":"Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales – Here’s Why"},"content":{"rendered":"

Shiba Inu has surged in popularity in recent months, drawing the attention of investors and cryptocurrency enthusiasts alike. As the cryptocurrency market continues to evolve, SHIB\u2019s rise has caught the attention of those looking for the next big investment opportunity, as evidenced by Ethereum whales.<\/span><\/p>\n

Despite the coin’s price decline in the past few months, <\/span>data from WhaleStats<\/span><\/a> shows that SHIB is the most popular cryptocurrency held among the top 100 Ethereum whales, at 12%, with a value of $601.2 million worth of SHIB.<\/span><\/p>\n

Related Reading: Maker (MKR) Survives Onslaught With 21% Gain As Other Top 100 Cryptos Suffocate<\/a><\/div>\n
\n

\ud83d\udc33 The top 100 #ETH<\/a> whales are hodling<\/p>\n

$601,204,724 $SHIB<\/a>
\n$155,922,150 $BEST<\/a>
\n$150,251,240 $MATIC<\/a>
\n$131,748,690 $CHSB<\/a>
\n$130,938,527 $LINK<\/a>
\n$72,726,301 $UNI<\/a>
\n$70,172,580 $LOCUS<\/a>
\n$63,302,192 $MANA<\/a><\/p>\n

Whale leaderboard \ud83d\udc47https:\/\/t.co\/N5qqsCAH8j<\/a> pic.twitter.com\/ESbLhozSRo<\/a><\/p>\n

\u2014 WhaleStats (tracking crypto whales) (@WhaleStats) March 5, 2023<\/a><\/p><\/blockquote>\n

Shiba Inu: The Most Coveted Cryptocurrency<\/strong><\/h2>\n

Surprisingly, this number only accounts for around 10% of the altcoins owned by ETH whales, as most major investors now own more stablecoins. The top 1,000 ETH holders collectively have approximately $1.06 billion in USDC and $808 million in USDT.<\/span><\/p>\n

SHIB’s price, which has been driven by bearishness, may be affected by reinvigorated investor interest following Shiba Inu’s breakthrough over the Ethereum whales.<\/span><\/p>\n

For the past week, SHIB’s price performance<\/a> has been poor, trading at $0.00001195, down nearly 11% in the previous week. SHIB was trading at $0.00001104, with\u00a0<\/span>only $172 million worth of Shiba Inu coins traded by crypto investors in the last 24 hours, data from crypto market tracker Coingecko shows.<\/span><\/p>\n

Also, WhaleStat tracks the most traded currencies, largest token positions by dollar value, most used smart contracts, and most sold coins of big investors. While the award for most valuable cryptocurrency went to Shiba Inu, the USDC stablecoin was the clear winner everywhere else.<\/span><\/p>\n

What The Popularity Of Shiba Inu Means<\/strong><\/h2>\n

As the popularity of the Shiba Inu cryptocurrency continues to grow, experts are warning of potential risks and uncertainties associated with investing in the meme-based digital currency. <\/span><\/p>\n

Despite its rapid rise in value, Shiba Inu remains a highly volatile and unregulated investment, with no clear underlying value or practical use case.<\/span><\/p>\n

While some investors are attracted to the potential gains that come with early adoption of a new cryptocurrency, others warn that Shiba Inu’s popularity may be fueled by hype and speculation rather than any fundamental value.\u00a0<\/span><\/p>\n

<\/p>\n

SHIB total market cap at $6.5 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade<\/a><\/div>\n
Additionally, there are concerns about the security and reliability of the exchanges where Shiba Inu can be bought and sold, as well as the potential for market manipulation by large holders of the coin.<\/span><\/p>\n
Despite these concerns, the <\/span>growing interest in Shiba Inu<\/span><\/a> and other cryptocurrencies underscores the increasing mainstream acceptance of digital assets as a legitimate investment class. <\/span><\/p>\n
As with any investment, experts advise investors to proceed with caution, conducting thorough research and only investing what they can afford to lose.<\/span><\/p>\n
-Featured image from Watcher Guru<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu has surged in popularity in recent months, drawing the attention of investors and cryptocurrency enthusiasts alike. As the cryptocurrency market continues to evolve, SHIB\u2019s rise has caught the attention of those looking for the next big investment opportunity, as evidenced by Ethereum whales. Despite the coin’s price decline in the past few months, data from WhaleStats shows that SHIB is the most popular cryptocurrency held among the top 100 Ethereum whales, at 12%, with a value of $601.2 million worth of SHIB. Related Reading: Maker (MKR) Survives Onslaught With 21% Gain As Other Top 100 Cryptos Suffocate \ud83d\udc33 The top 100 #ETH whales are hodling $601,204,724 $SHIB $155,922,150 $BEST $150,251,240 $MATIC $131,748,690 $CHSB $130,938,527 $LINK $72,726,301 $UNI $70,172,580 $LOCUS $63,302,192 $MANA Whale leaderboard \ud83d\udc47https:\/\/t.co\/N5qqsCAH8j pic.twitter.com\/ESbLhozSRo \u2014 WhaleStats (tracking crypto whales) (@WhaleStats) March 5, 2023 Shiba Inu: The Most Coveted Cryptocurrency Surprisingly, this number only accounts for around 10% of the altcoins owned by ETH whales, as most major investors now own more stablecoins. The top 1,000 ETH holders collectively have approximately $1.06 billion in USDC and $808 million in USDT. SHIB’s price, which has been driven by bearishness, may be affected by reinvigorated investor interest following Shiba Inu’s breakthrough over the Ethereum whales. For the past week, SHIB’s price performance has been poor, trading at $0.00001195, down nearly 11% in the previous week. SHIB was trading at $0.00001104, with\u00a0only $172 million worth of Shiba Inu coins traded by crypto investors in the last 24 hours, data from crypto market tracker Coingecko shows. Also, WhaleStat tracks the most traded currencies, largest token positions by dollar value, most used smart contracts, and most sold coins of big investors. While the award for most valuable cryptocurrency went to Shiba Inu, the USDC stablecoin was the clear winner everywhere else. What The Popularity Of Shiba Inu Means As the popularity of the Shiba Inu cryptocurrency continues to grow, experts are warning of potential risks and uncertainties associated with investing in the meme-based digital currency. Despite its rapid rise in value, Shiba Inu remains a highly volatile and unregulated investment, with no clear underlying value or practical use case. While some investors are attracted to the potential gains that come with early adoption of a new cryptocurrency, others warn that Shiba Inu’s popularity may be fueled by hype and speculation rather than any fundamental value.\u00a0 SHIB total market cap at $6.5 billion on the daily chart | Chart: TradingView.com Related Reading: Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade Additionally, there are concerns about the security and reliability of the exchanges where Shiba Inu can be bought and sold, as well as the potential for market manipulation by large holders of the coin. Despite these concerns, the growing interest in Shiba Inu and other cryptocurrencies underscores the increasing mainstream acceptance of digital assets as a legitimate investment class. As with any investment, experts advise investors to proceed with caution, conducting thorough research and only investing what they can afford to lose. -Featured image from Watcher Guru<\/p>\n","protected":false},"author":557,"featured_media":521956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,84086,84471,83668,83667],"class_list":["post-521953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-ethereum-whales","tag-meme-coin","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Is The Top Crypto Of Choice By Ethereum Whales: Data<\/title>\n<meta name=\"description\" content=\"Shiba Inu has surged in popularity in recent months, drawing the attention of investors and cryptocurrency enthusiasts alike. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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