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HomeAltcoinsEthereum whales holds of Shiba Inu (SHIB) reaches USD 2 billion

Ethereum whales holds of Shiba Inu (SHIB) reaches USD 2 billion

The top 1,000 whales on the Ethereum network have boosted their exposure to the meme-inspired cryptocurrency Shiba Inu (SHIB). Now they own over USD 2 billion worth of SHIB.

The total holdings of Ethereum whales reached USD 2 billion, with SHIB leading the list of altcoins by total ownership. According to the available statistics, the native token of cryptocurrency exchange FTX followed Shiba Inu, with whales controlling over USD 1.7 billion worth of it. The USDC stablecoin finished in second with USD 1 billion, followed by other popular tokens such as the Bitpanda ecosystem Token (BEST), OKEx’s OKB, and others.

Shiba Inu’s price has risen in recent weeks as the cryptocurrency market has recovered and the project has progressed. Shytoshi Kusama, the cryptocurrency’s community leader, revealed that Shiba Inu was collaborating with Welly’s, a burger restaurant with one physical location in Italy, to build the “first and only SHIB themed restaurant driven by the community.”

Unification, a Singapore-based blockchain solutions provider that has worked with companies such as Google and Amazon, has recently revealed that it has been collaborating with the Shiba Inu community to build Shibarium. Shibarium is a layer-two network developed by the top Ethereum blockchain developer to serve the Shiba Inu ecosystem. The coin’s liquidity was recently increased by its inclusion on Foxbit, one of Brazil’s oldest and most prominent cryptocurrency trading platforms.

 

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Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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