Shiba Inu Becomes the Second Largest Altcoin Holding Among Ethereum Whales
Meme coin Shiba Inu (SHIB) has become one of the most popular altcoins among Ethereum whales.
Recent data reveals the increased popularity of SHIB among Ethereum whales who are accumulating tokens at an incredible pace.
The cryptocurrency space has seen a growing number of large SHIB transactions over the past few weeks, as the top ETH holders see the potential in keeping the coin in their portfolios.
One address moved SHIB worth $47.6 million this weekend to an unidentified wallet.
Developers expect the release of Shibarium’s beta version soon.
At the time of writing SHIB is trading at $0.00001413 after a 2.7% decline in the past 24 hours. In the past 30 days SHIB gained over 20% riding the bullish wave that came through the crypto space at the beginning of January.