Will the Year 2021 End in Favor of Shiba Inu?

7:50 am, Wed, 22 December 21

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Shiba Inu (SHIB) is the second-most popular canine-themed crypto asset and has had quite the year. As 2021 is ending many are left to wonder if it will be in favor of SHIB or not. This is because it has been reported that the meme coin is now the largest altcoin holding among ETH’s top 1000 Whales.

The Ethereum Whales have noticeably been interested in Shiba Inu. That interest has now been highlighted as Shiba Inu is the largest altcoin being held by the Whales. SHIB is followed by FTX token in second place and Tether’s USDT in third place.

The second-most popular meme coin is currently trading at $0.00003348 (at the time of writing). If you also want to invest in it, make sure you choose the most popular crypto exchanges that support the meme cryptocurrency.

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Could Shiba Inu Outperform Dogecoin?

This news update has been a surprise for many who did not take Shiba Inu seriously. The data that has revealed the position of SHIB among Ethereum Whales was shared by WhaleStats.

According to the data, the top 1,000 Ethereum wallets currently hold:

  • Approximately $1.7 billion worth of Shiba Inu
  • $1.6 billion worth the FTX token
  • $1.1 billion worth Tether’s USDT
  • $500 million worth Gala Games’ $GALA token
  • $400 million worth $CRO and native cryptocurrency of Crypto.com

Some of the other crypto assets being held by the Ethereum Whales include:

  • Decentraland (MANA)
  • Polygon ($MATIC)
  • Sandbox ($SAND)
  • Telcoin ($TEL)

The Ethereum Whales have been investing in SHIB for the last few months and the number of investors interested in Shiba Inu is increasing.

Some of the largest whale wallets that held millions of dollars in various digital currencies have added large amounts of Shiba Inu as well. Here are some details to know.

  • One Whale with more than $800 million in different crypto assets has now added more than 1.67 trillion tokens to its wallet.
  • Another Whale with $300 million in assets added 72 billion SHIB tokens (worth more than $2.5 million).

According to reports, Shiba Inu is also the third most-used token on the Ethereum network, which significantly adds to its value and importance.

The two most used tokens on the ETH network are the major stablecoins USDT and USDC and behind Shiba Inu, there are:

  • Wrapped Ether (WETH) with approximately 72,000 unique users
  • Matic Token (MATIC) with 56,100 unique users

What Should Crypto Investors and Traders Know?

Shiba Inu started as a joke, however, it seems that the meme coin has gained recognition and significance beyond just being a meme-inspired crypto asset. There are approximately 1.075 million people who have been holding the Shiba Inu token.

This cryptocurrency has certainly exceeded the expectations many had from it. It has also seen a surge in its price over the last 24 hours as shown in the CoinMarketCap graph mentioned below.


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