Ethereum Whales Boost Shiba Inu Price to New Highs!8. February 2023
• Shiba Inu has seen a surge in its price and is now the largest token holding by dollar value among Ethereum whales.
• These whales currently hold over 50.5 trillion SHIB worth approximately $708.4 million, accounting for 17.82% of their total value holdings.
• The renewed interest from investors has put Shiba Inu in a very good position in the market, with its price up more than 19% over the last seven days.
Shiba Inu Gains Traction Among Ethereum Whales
Shiba Inu (SHIB) has seen tremendous growth over the past week with its price seeing double-digit gains and renewed interest from investors. This meme coin is now the largest token holding by dollar value among the top 5,000 Ethereum whales, overtaking other major tokens like USDT and USDC that have dominated this list over recent months.
Ethereum Whale Holdings
At the time of writing, these whales are collectively holding around 50.5 trillion SHIB which is equivalent to about $708.4 million – making up 17.82% of their total value holdings. This puts it ahead of stablecoins USDT and USDC which make up 17.35% and 14.46%, respectively, of their portfolio values at present .
Recent Price Performance
The newfound momentum behind Shiba Inu has been driving its price higher as it trades at a three-month high despite multiple drawdowns during this period.. With increased volume thanks to whale’s interest, SHIB’s price is up more than 19% over the week as well as being the most traded token among these large ETH holders in the last 24 hours..
Bullish Sentiment Ahead?
It remains to be seen how much further SHIB can go but given its current performance and renewed attention from investors, there appears to be a bullish sentiment surrounding Shiba Inu moving forward.. Whether or not it can sustain this growth remains to be seen but it seems likely that we will continue to see SHIB rise in value over time as long as there continues to be strong investor interest behind it..
Shiba Inu has certainly made waves in recent times with its impressive performance amongst Ethereum whales and investors alike.. Its ability to reclaim its position as one of top tokens held by these large holders shows just how much potential there is for SHIB moving forward – making it an attractive option for those looking for high returns on their investments..