SHIB Becomes ETH Whales’ Largest Holding Ahead Of Shibarium Launch

Shiba Inu Coin News: Shiba Inu (SHIB) is witnessing an upwards rally as the launch date of the much anticipated Shibarium closes in. This positive update has helped the Shiba Inu Coin to get an edge over the world’s largest cryptocurrency, Dogecoin (DOGE). However, data reveals that Ethereum (ETH) whales are scooping in more and more SHIB ahead of the launch.

Whales surging Shiba Inu price?

According to the WhaleAlert, Shiba Inu Coin has become the biggest holding by dollars among the top 100 ETH whales. SHIB flipped the Staked Ethereum token (stETH) to regain the top spot. This accumulation move by the whales directly depicts the excitement among the whales.

As reported, the top 100 whales held around $69.5 million worth of Shiba Inu Coins till January 13, 2023. However, this SHIB holding has now reached to stand around $176 million. Top ETH whales have accumulated $107 million worth of Shiba Inu in the span of just 3 days.

SHIB price up by 22%

Shiba Inu price have managed to surge by more than 22% in the last 7 days, while the Dogecoin price jumped by around 15%. The recent Shibarium Beta launch has led the SHIB to get an edge over the DOGE.

SHIB price is up by 6% in the last 24 hours. It is trading at an average price of $0.000011, at the press time. Its 24 hour trading volume surged by 4% to stand at $446 million. Shiba Inu Coin is holding a market cap of $5.8 billion to hold its position as the world’s second largest meme crypto.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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