This Meme Coin Is A Favorite Of Ethereum Whales!

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Shiba Inu (SHIB)was one of the most popular crypto assets of 2021. Meme coin gained popularity in a short time and managed to maintain this popularity. In addition, although there were corrections from time to time, the SHIB price generally maintained its bullish outlook and carried this outlook to 2022. Although SHIB has been subject to a price volatility recently, it has managed to become a favorite crypto asset among ETH whales.

The existence of meme coins in the crypto-assets world actually goes back a few years, but coins like Shiba Inu and BabyDoge have played an important role in boosting the popularity of meme coins. The fact that meme coins exceeded their purpose when they were first published, and the increase in their usefulness as well as the increase in prices also helped to increase the interest in meme coins.

SHIB has managed to re-enter the top 10 most bought tokens by the top 1000 ETH whale wallets at the moment and has garnered attention.

WhaleStats announced the move on Twitter. The Shiba Inu was ranked eighth, just ahead of BAT.

Ethereum whale wallets purchased a total of 149,652,616 SHIB tokens.

In addition, Shiba Inu (SHIB) managed to surpass Ethereum and Cardano in the list of most viewed crypto assets. In addition to this data, leading cryptocurrency exchange KuCoin shared the most sought-after crypto assets of the week on its Twitter account.

The platform revealed that Bitcoin (BTC) is in the top spot, followed by Shiba Inu. Major cryptocurrencies like Binance Coin (BNB), Ethereum (ETH), Solana (SOL) and others meme coinIt is far behind.

As the Shiba Inu continues to grow in popularity, the Shib Army is trying to burn a number of tokens. The Shibburn team on Twitter stated that they destroyed about 1.3 billion SHIB tokens alone during the month of January.

Additionally, January witnessed a lot of destruction in the SHIB market.

Despite consistent burns, the price of the meme coin has not quite recovered. While most of the coins were making big gains, Shiba Inu was recording a similar graceful volatility to its rival Dogecoin (DOGE). Meme coin was trading as low as $0.00002171, up 3.68% in the last 24 hours.

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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