Shiba Inu skyrocketed in popularity among Ethereum’s Top 100 Whales.
An unknown wallet burned 27 million SHIB tokens.
Shiba Inu (SHIB), the popular dog-themed memecoin, becomes the top-held cryptocurrency among the 100 Ethereum (ETH) whales. The memecoin has gained significant attention in recent months and has skyrocketed in popularity among Ethereum’s Top 100 Whales.
According to the Whalestats report, the top 10 ETH whales hold 49,621,465,093,470 (49.62 trillion) SHIB tokens worth $601,204,724 ($601.20 million) in their wallets. SHIB becomes the fourth top-held token among ETH’s top 100 whales, following Ethereum, USD Coin (USDC), and Tether (USDT).
Mysterious Shiba Inu Burn by Unknown Wallet
Shiba Inu became the most traded token among the top Ethereum whales. Moreover, SHIB is the biggest token position by dollar value. This unexpected surge in SHIB highlights the growing influence of memecoins in the crypto market. It is a remarkable achievement for the SHIB to be favored by Ethereum’s top 100 whales.
However, the top 100 ETH whales continue to choose Ethereum, as they currently own a remarkable 3,126,300 (3.12 million) ETH. The Ethereum whale’s interest comes after SHIB’s creator announced that the development of Shibarium has reached its final stage.
Recently, the SHIB community reported that an unknown wallet burned 27 million Shiba Inu tokens. SHIB has gained considerable attention as a memecoin and garnered with the burn by the mysterious wallet.
At the time of writing, the trading price of Shiba Inu is around $0.000007342, with an increase of over 1.35% in the last 24 hours. The trading volume of the SHIB has experienced a decline of 25.83%, according to CoinMarketCap.