Shiba Inu remains one of the most possessed tokens among Ethereum investors, according to WhaleStats. The crypto analytics platform that tracks Ethereum addresses noted that the SHIB token is one of the top crypto holdings among the top 100 whales.
In a Twitter post, WhaleStats stated that the top 100 ETH whales are holding SHIB tokens worth a total of 11,961,088,316,679 SHIB, which is equivalent to $155,613,759 ($155.61 million). Therefore, the dog-themed memecoin ranks as the fourth biggest crypto asset by dollar value among the top ETH whales.
More Developments for Shiba Inu
It is unsurprising that the memecoin is getting enough attention from investors, showing the spread of Shiba Inu’s influence in the crypto world.
So far, the SHIB community is currently engaging in a token burn exercise which will see many SHIB coins sent out of circulation. As a result, the past 24 hours have seen the Shib Army burn over 125.34 million SHIBs via eleven transactions.
Additionally, SHIB Super Store, run by game developer Travis Johnson, led the Burn Show from the start, sending 49.5 million SHIB to the dead wallet in a single day.
The current bear market has negatively affected the dogecoin killer despite the best efforts by the community to boost its value. SHIB is trading at around $0.000012, down 2% in the last 24 hours and 17.8% during the previous seven days.