Shiba Inu Becomes The Top Meme Coin To Be Purchased By 1,000 Largest ETH Whales

Shiba Inu has been proving its relevance as time goes by. The second-largest meme cryptocurrency of the world now tops the list of coins [other than ETH] held by 1,000 of the biggest ETH whales.

Shiba Inu, after ETH, is the largest position of 1,000 ETH whales in terms of USD Value.

According to a report from WhaleStats that tracks the 1,000 biggest ETH whales, Shib was 2nd on the list of the top 10 crypto assets actively purchased by the largest 1,000 ETH whales.

https://twitter.com/WhaleStats/status/1476577508384731136?s=20

1,000 ETH Whales Pile Up On Shiba Inu

“JUST IN: $SHIB is coming back on top 10 purchased tokens by 1000 biggest ETH wallets… #SHIB is biggest $ token with total value of $1,773,737,868”

The average number of SHIB coins held now by these ETH whales is 52,059,838,702 tokens worth $1,938,484.

Shiba Inu recently breached a crucial support level and was down over 60% since October. But it has now pared some gains by experiencing a price rally of over 20% in last one week. A Shiba Inu whale also jumped in to buy $50 Million Shib coins at the time of the dip.

Why To Buy SHIBA Inu Now?

The major reasons why you should buy Shiba Inu right now are:

  • The cryptocurrency is listed on 64 exchanges around the world. This gives it ample liquidity, relevance, and ensures there is massive interest for the meme-coin.
  • The Shiba Inu project has over 2.2 million followers on Twitter, which is one of the highest for any cryptocurrency projects.
  • Shiba Inu is accepted by more than 600 merchants including GameStop, AMC, AskTheDr, etc
  • 40,000 retail sites have started to accept Shib as a mode of payment now bringing it to the mainstream
  • SHIBARIUM blockchain is under continuous development
  • 1.1 million ‘hodlers’ and growing

What do you think about the whole story? Tell us your thoughts in the comments.

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Shaheer is passionate about living a life seeking un-ending knowledge, philomath, as you may think of him. He's a student of Finance and a keen observer of Business and Indian-Political scenario who takes pleasure to pen down his views and opinions on the same. As his guiding mantra to life, ‘Come what may , life goes on’ helps.

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