Shiba Inu Lost First Place as Biggest USD-Valued Holding Among Ethereum Whales, As This Token Takes Lead - BitcoinEthereumNews.com
Arman Shirinyan Shiba Inu is no longer the biggest holding among Ethereum whales, but it may not be for long Shiba Inu, which has previously shown strong performance on the merkado, has now lost its lead as the biggest USD-valued holding on the market to another token—which conquered that position for a whole month, per WhaleStats. According to the whale tracker, the biggest USD holding among Ethereum whales is no longer after the SHIB token. The new leader, FTX token, was always breathing down the back of the memetoken and overtook it as the purchasing power of Shiba Inu decreased. At press time, $1.14 billion worth of FTX is being held by the 100 biggest ETH whales on the market, while Shiba Inu is lagging behind with $1.12 billion. But despite losing the title of the biggest USD-valued holding, Shiba inu may quickly bounce back in its place in case of a price increase or additional buying power from whales. Source: WhaleStats According to TradingView, the price of the token tumbled by almost 11% in recent days, which may be the main reason behind the drop in USD value as no major selling activity was noticed on the market. Ads Previously, U.Today covered why whales are constantly buying