Altcoin projects that whales have been stocking in recent days have been announced. Shiba Inu (SHIB) is the most popular cryptocurrency hoarded by whales on the market. Even during the current bloodbath in the bitcoin and altcoin markets, SHIB remains strong in whale addresses. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Whales are stocking up on these 10 altcoin projects: Shiba Inu is on top!
Based on the total number of whales held in the top 1,000 Ethereum wallets, Shiba Inu (SHIB) still holds the largest position among whales with $2 billion in tokens available. But while the value of USD assets remained the same, the percentage (or dominance) among whales dropped significantly. At the time of writing, Shiba Inu holdings hold 8%, while smaller tokens make up 7.89% of all holdings.
Despite this, SHIB failed to become a safe-haven asset and lost about 15% of its value. Compared to the market as a whole, SHIB is on the charts with the most declines along with DOGE, ETH and AVAX. After a sharp correction, SHIB is still below 66% from its last high. A quick and unexpected rally started in the market at the beginning of the week, resulting in a 40% short-term pump. However, this could not be sustained.
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