Ethereum Whales Pile Into Dogecoin Competitor Shiba Inu As Holdings Explode by Over 500%

Ethereum (ETH) Whales are actively increasing their Dogecoin holdings (Doge) Rivals as the crypto market is recovering moderately.

According to the transaction tracker WhaleStatsEthereum whale is a Shiba Inu (SHIBIn the process of moving Dogecoin’s competitors from the 7th largest holding to the 2nd largest holding, it increased by 580% from $ 736,000 to just over $ 5 million within 24 hours.

Shiba Inu is now Up Owns up to 100 Ethereum wallets next to Ethereum.

In addition to Stablecoin and Ethereum, other crypto assets in the top 10 holdings of the 100 major Ethereum are Ethereum’s scaling solution polygons (MATIC), Native token of the decentralized virtual world Decentraland (Mana) And Cronos utility tokens (CRO)ecosystem.

Shiba Inu was trading at $ 0.00001139 at the time of writing, up about 6% in 24 hours.

The surge in Shiba Inu ownership of Ethereum whales is due to 69% of the 15th largest crypto asset holders by market capitalization. Underwater Or hold your digital assets in loss.

Only 27% of Shiba Inu holders are profiting at current prices, while 4% is the break-even point.

Approximately 26% of Shiba Inu holders hold cryptography for over a year, and 70% hold digital assets for 1-12 months.

4% of Shiba Inu holders hold crypto assets for less than a month.

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Featured images: Shutterstock / Victoria1994 / Boombastic