12% of Top Ethereum Whales Now Hold Shiba Inu Token

Shiba Inu, the meme-inspired cryptocurrency, has consistently remained a favorite among the largest Ethereum whales, and recent data shows that this sentiment remains unchanged.

In the portfolios of the top 100 Ethereum whales, Shiba Inu continues to hold a prominent position, demonstrating its appeal as an investment choice in the crypto world.

While stablecoins dominate these investors’ holdings, Shiba Inu stands out as the leading non-stablecoin token, solidifying its position as a significant player in the market.

The top 100 Ethereum whales represent some of the most significant players in the crypto space. These investors not only hold substantial amounts of Ethereum (ETH) but also diversify their portfolios with various tokens.

While ETH is undoubtedly a core holding, these whales often look for other promising assets to maximize their investments.

Despite the vast array of tokens available in the market, Shiba Inu maintains its allure among the top Ethereum whales. Data sourced from WhaleStats, a renowned whale-tracking website, reveals that SHIB currently ranks as the third-largest token held by these prominent investors.

Only trailing behind stablecoins like USDC and USDT, Shiba Inu stands out as the leading non-stablecoin token in their portfolios.

The percentage of SHIB in the total token holdings of these whales is an impressive 11.94%. This sizable stake underlines the confidence these investors have in the meme coin’s potential.

With USDC and USDT comprising 15.67% and 14.03%, respectively, of their holdings, Shiba Inu holds a substantial position in comparison.

Collectively, the token holdings of these top Ethereum whales amount to a staggering $601 million, representing one of the highest levels recorded in the past year.

Shiba Inu’s prominence in this substantial pool of assets showcases the confidence these whales have in their growth prospects and their ability to add value to their portfolios.

Shiba Inu’s ascent has put it ahead of other well-known tokens like stETH and MATIC, both of which have enjoyed significant popularity among large-scale investors. This achievement further solidifies Shiba Inu’s position as a promising investment option.

In addition to being a favored holding, Shiba Inu also holds the distinction of being the most-traded token among these influential investors.

This high trading activity reflects the ongoing interest and enthusiasm surrounding the meme coin in the crypto market.