Shiba Inu Coin News: SHIB, a meme cryptocurrency created in August 2020, has gained tremendous ground in recent weeks. This newfound momentum has been driven by extensive hype about the project’s plans to launch Shibarium and other factors. Therefore, Eth whales particularly benefit from Shiba Inu growth during this period.

ETH whales propel Shiba Inu to top holding

According to WhaleStats, the 100 largest ETH whales on record now hold a whopping 506,011,531,298 SHIB worth $7,180,303. This puts it ahead of Ethereum (12,463) and even the stablecoins USDT and USDC which make up 6,739,791 and 5,683,886 of these whales’ holdings, respectively.

Source – CoinMarketCap

SHIB is priced at $0.00001421 at time of publication, up 0.93% in the last 24 hours and more than 20% in the last seven days. With a price increase of almost 67% in the past 30 days, this meme coin has managed to outperform its main rival Dogecoin (DOGE), which is up 23%. Read more Shiba Inu Coin news here…

Shiba Inu has crossed the 1.3 million mark!

In his recent tweet, Shiba Archives revealed that Shiba Inu (SHIB) has passed the 1.3 million mark in total number of holders. With the hype surrounding Shibarium, this dog-themed property has had 25,813 owners since January 1, 2023.

JUST IN: $SHIB just hit 1.3 million holders during the release of Shibarium!

– Shiba Archives (@ShibaArchives)

Looking for an attractive investment opportunity, many new investors turn their attention to SHIB. According to CoinMarketCap data, the total number of Shiba Inu holders currently stands at a whopping 1,300,815 with 14,645 active addresses in the last 24 hours.

Also Read: Shiba Inu Coin Burn Rate Dives Ahead Of Shibarium Launch

Disclaimer: The information in this article is solely the opinion of the author and not investment advice. The whole purpose of “Shiba Inu News: Ethereum Whales Boost SHIB To Top Holding” is to educate and provide information about what is trending in the crypto space. Anyone planning to invest in crypto assets should seek their own independent financial or professional advice.

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