Despite the slow movement of the cryptocurrency market, the activity percentage in the meme cryptocurrency has increased significantly over the past few days. Along with the increase in the number of active addresses for Dogecoin and Shiba Inu, recent reports suggest that the cryptocurrencies held in the top Ethereum whales also include mime cryptocurrencies such as Dogecoin and Shiba Inu. But a recent update now says something else.
Latest report from WhaleStats says Ethereum is the top meme cryptocurrency held by whales Shiba Inu (SHIB) and Dogecoin (DOGE) but ShibDoge. A new competitor to Dodgecoin and Shiba Inu is emerging in the market. The latest data from the platform that tracks whale accounts shows that the cryptocurrency that the top 1000 Ethereum whales hold the most is named ShibDoge, not DOGE. SHIB of. However, the Shiba Inu is the second largest meme after ShibDoge. cryptocurrency Which Ethereum whales hold.
🐳 The top 1000 #ETH whales are hodling
— WhaleStats (free data on crypto whales) (@WhaleStats) July 11, 2022
According to the figures released, ShibDoge has a total holding of $685 million in Ethereum whales, or about $685 million. This is $63 million more than the Shiba Inu. shiba inu and dodgecoin What started as a joke, now both these meme tokens are world famous and their number of investors is also increasing continuously.
ShibDoge is a new project started based on the popularity of Dogecoin (DOGE) and Shiba Inu (SHIB). It started in December 2021 by a man named Peter. Post happens with. In the post, Peter has written that he has been following Dodgecoin and Shiba Inu since the beginning. Both the coins were started for the same purpose but later the popularity of both the coins increased and the competition started between the two.
Peter says that it will be good if both the communities come together. So they combined both the tokens into one token based on Shiba Inu and DodgeCoin and started a new project called ShibDoge. There are many other clones of Shiba Inu and Dodgecoin available in the market but Shibdodge is different from them. Peter says that he wanted to start a project in which people can come together and work in which there is no competition of any kind.