Shiba Inu is one of the favorite tokens of Ethereum whales, but the latest data from a whale tracking platform shows that the meme coin is declining in popularity among whales. According to the platform, the SHIB token has fallen to the fourth spot in the top 10 spots on the asset held by the largest whales on Ethereum. Earlier it was one of the leading coins.
WhaleStats is an on-chain data platform that analyzes several major blockchains, including Ethereum, BSC, and Polygon. On Tuesday, the platform informed via a tweet that the SHIB token has fallen to the fourth position in the list of top 10 assets held by the largest whales on Ethereum. The reason for this has also been given. This happened when Whale decided to sell some of its SHIB holdings. According to the platform, Whale has sold around 1.5 trillion stakes of Mime Coin.
🐳 The top 500 #ETH whales are hodling
— WhaleStats (free data on crypto whales) (@WhaleStats) August 23, 2022
If of WhaleStats Website But looking at the available data, the Shiba Inu’s holdings with the largest 100 ETH investors decreased overnight. U.Today’s according On Monday, these whales held SHIB tokens worth $159,673,102. At the time of writing the news, he had $157,505,864 worth of Shiba Inu tokens.
Apart from this, let us tell you that the developers of this popular meme coin are responsible for the community related to it. new projects Working on getting it. Its lead developer, Shytoshi Kusama, says that burning millions of SHIBs requires a huge community effort. Around 111 lakh crore SHIB can be burnt in the next few months. This does not include community burns.