Shiba Inu, the popular meme coin, has maintained its position as a preferred choice for the largest Ethereum whales.
These prominent investors in the crypto world continue to show unwavering interest in Shiba Inu, making it a prominent player in the largest token holdings among them.
Ethereum’s top 100 whales are known for their substantial influence in the cryptocurrency market. With their diverse holdings, these investors shape market trends and can impact the performance of various tokens.
While Ethereum remains a dominant asset in their portfolios, other tokens also play a crucial role in their diversifications.
Amid the plethora of tokens available, Shiba Inu continues to hold a special place among Ethereum’s largest whales. Despite its meme status, Shiba Inu has managed to win the hearts of significant investors and retains its prominence in their holdings.
Data sourced from the reputable whale tracking website, WhaleStats, reveals that Shiba Inu (SHIB) currently holds the third-largest position among the top 100 Ethereum whales’ token holdings.
It trails behind the widely used stablecoins USDC and USDT, yet notably surpasses other tokens in popularity.
As of the latest data, Shiba Inu constitutes 11.94% of the total token holdings of Ethereum’s top 100 whales. This substantial percentage highlights the confidence these investors have in the future potential of SHIB.
Comparatively, stablecoins USDC and USDT account for 15.67% and 14.03% of the total token holdings, respectively. While Shiba Inu ranks third, its presence among the largest non-stablecoin token holdings underscores its significant standing in the whale community.
Collectively, Ethereum’s top 100 whales’ holdings of Shiba Inu tokens are currently valued at an impressive sum of over $601 million.
This represents one of the highest levels observed in the past year, indicating sustained interest and investment in SHIB.
Even against other popular tokens such as stETH and MATIC, Shiba Inu stands tall as a favored choice among these large investors.
Moreover, the data reveals that Shiba Inu is the most-traded token within this group, reflecting its active participation in the daily trading activities of prominent whale investors.