Shiba Inu (SHIB) was the world’s most popular cryptocurrency in 2021. It may have been all the rage in 2022, but SHIB has plans for it. According to WhaleStats, Shiba Inu is the second largest token of Ethereum (ETH) Whales. There must be a strong reason that the ETH whales are holding a meme coin. Meanwhile, SHIB’s 24-hour trading volume was up more than 131%.

ETH Whales Have Over $1.4 Billion in SHIB

The Whale Statistics revealed a list of the top 10 tokens of the largest ETH whales. The count bore the names of FTX token, SHIB, WBTC, MATIC and MANA.

FTX token is the largest coin held by the ETH whales. They own over $1.8 billion worth of FTT tokens. Shiba Inu is the second largest coin held by them. The largest ETH portfolios store over $1.4 billion worth of SHIB tokens. FTX and SHIB become 17.52% and 13.64% of total top ETH whale holdings, respectively.

Dev announces upcoming projects

Recently, Shiba Inu launched its SHIB: The Metaverse and other related projects. It was later announced that the locking system is also live and users can now lock their LEASH and SHIBOSHIS. Early access to land sales is just a starting point for this Metaverse and an interactive map will be out soon.

The Milkshake has shared recent news related to the Shiba Inu ecosystem. It said developer kaaldhairya has confirmed that he is working on SHI and other projects. Kaaldhairya has dropped a list that he is currently working on. The count includes projects such as SHIBASWAP V2, SHIBARIUM, SHI and Shib Burn Portal on the way.

Milkshake has also informed that the SHIB incineration portal is in its final phase and that it will also earn rewards. While SHIBASWAP V2 is designed to build UX and UI design.

SHIB 24 trading volume up 131%

The price of Shiba Inu is trading at an average price of $0.000025. SHIB’s 24-hour trading volume of $1,835,293,168 registered a whopping 131% increase. According to CoinMarketCap, Shiba Inu is the second largest meme cryptocurrency with a total market cap of over $13.7 billion.

Source: CoinMarketCap

Disclaimer

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

About the author

Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analyses. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]





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