This Meme Coin Beats SHIB After Whale Purchases Reach The Top!

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  • It has become the largest holding of whales, surpassing the popular meme cryptocurrency Shiba Inu (SHIB).

Crypto whales took refuge in meme cryptocurrencies amid the crypto market crash. This meme is whales following recent major developments in cryptocurrencies Shiba Inu (SHIB), ShibaDoge (SHIBDOGE) and Dogecoin (DOGE) like meme collects coins. Today, it is the second largest holding of giant whales. ShibDogebriefly surpassed the Shiba Inu (SHIB) to become the largest token held by whales by dollar value.

Shiba Inu (SHIB) sees increase in whale accumulation

After the announcement of the Shibarium update at the end of June, the accumulation of Shiba Inu among whales continues to increase in recent days. This month, the announcements of the SHI stablecoin and TREAT reward token by Shiba Inu lead developer Shytoshi Kusama managed to maintain the accumulation trend in the meme coin.

However, WhaleStats said in a statement today, ShibDogereported that Turkey overtook the Shiba Inu (SHIB) to become the largest holding in dollar terms among the top 100 ETH whales. However, within a few hours, SHIB managed to regain its top position among the largest Ethereum (ETH) whale wallets.

Currently, Shiba Inu is the largest holding among the top ETH whales, with a total token accumulation of $568.82 million. Popular meme coin with a total token investment of $433.23 million held by the top 100 ETH whales ShibDoge following. Despite being a small meme coin, the recent burns on ShibDoge and the platform’s exposure to NFT may have piqued the interest of whales.

At the time of writing, after increasing transaction volumes, Shiba Inu (SHIB) The price is trading strongly at $0.000010, up nearly 5% in the last 24 hours. Meanwhile, the price of ShibDoge has soared as much as 23 percent in the last 24 hours to 0.0000000001479 due to whale purchase. At the time of writing, the meme coin, which is experiencing correction, fell to $ 0.000000000086.

In addition to this, Dogecoin (DOGE) has also recently faced a massive buyout by BSC whales. The rally in meme coin also came after Elon Musk reaffirmed his support for Dogecoin, and this development Doge’s price increased 40 percent in a week. On July 4, a BNB whale using the nickname “Martian Manhunter” purchased 18,800,433 DOGE tokens.

These altcoins also attract the attention of whales

polygon‘s native cryptocurrency MATIC has also been in high demand from whales since July began. Polygon is attracting investor attention after reports such as Sandbox’s LAND distribution on Polygon, its partnership with phone maker Nothing for Web3, and the announcement of an NFT-based avatar marketplace by Reddit and Polygon. At the time of writing, MATIC price is trading at $0.55, up 6 percent in the last 24 hours and 21 percent in a week.

Besides the cryptocurrencies mentioned above, FTX Token (FTT), AAVE and Uniswap (UNI) are among other tokens that are in great demand this month.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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