Shiba Inu soars, Passes Polygon (MATIC) before Shibarium launch. MANA token found its place in the list.
SHIB surpasses MATIC and MANA finds itself on the list
Renowned blockchain data tracking platform WhaleStats recently reported that SHIB has surpassed MATIC to become the most traded crypto among the top 100 ETH holders in the past 24 hours. MANA has found itself in the 6th place on this list. Interest in the Shiba Inu has soared among major Ethereum investors, as tracked by WhaleStats. The top 100 ETH holders currently have a staggering $631,233,793 ($631.23 million) worth of SHIB in their portfolio.
This growing interest was fueled by the lead developer’s hints about the possible launch of the Shibarium Layer 2 solution beta. Recently, Unification XFUND also shared the latest update on Shibarium, confirming that they and the Shiba Inu team are fast approaching potential launch.
In addition, the Shiba Inu’s popularity and acceptance in mainstream usage is growing. Recently, The London Lions, a British basketball team, partnered with the world’s leading crypto payment processor BitPay to allow their fans to purchase merchandise and game tickets using the Shiba Inu.
After the above developments, the price of the Shiba Inu starts to rise. cryptocoin.com According to data, Shiba Inu increased by 17.66% compared to last week. As of press time, the Shiba Inu is trading at $0.00001408, up 12% from the last day, with 24-hour trading volume of $1,031,010,707 ($1.03 billion).
Among the 100 largest ETH whales
Shiba Inu (SHIB) flipped Wrapped Ethereum (WETH) to become the most traded asset among the top 1,000 Ethereum whales. The development comes at a time when SHIB has recorded a 12.14% gain in the last 24 hours, making it the most profitable among the top 100 assets by market cap.
The official WhaleStats platform also offers insight into other impressive achievements achieved by the dog-themed token, signaling a huge surge in investor interest at a time when the asset is comfortably trending.
Notably, the Shiba Inu has been confirmed to be the largest token by dollar value among the top 100 ETH whales. Furthermore, the asset’s smart contracts represent the fifth most used smart contracts by the 100 largest ETH whales, with a 5.99% share, just below ETH, USDC and USDT.
Also, SHIB is the most held token among these whales, with the exception of ETH, suggesting an increase in whale accumulation. The top 100 ETH whales hold a total of $714.8 million worth of SHIB, representing 18.13% of their total assets. These whales hold more SHIB than USDT (17.39%) and USDC (14.45%).
SHIB developments and price action
Despite recent market-wide opposition that has caused most assets to trade sideways in the past 24 hours, SHIB still posted a gain of 12.14 percent over the time frame. Along with the constant hype surrounding Shibarium, several positive developments have contributed to the surge of interest, providing support for the asset’s price action.
As the community awaits the launch of Shibarium, the Shiba Inu development team and all interested parties are providing updates on progress. The Unification Foundation, the team working with SHIB developers on Shibarium, announced that they developed the Oracle of Oracles (OoO) solution in preparation for deploying it to Shibarium.
Meanwhile, SHIB conquered the $0.000013 region with its eyes fixed on the $0.000014 region. The asset is currently changing hands at $0.00001385 as of press time, up 16.15% last week. Veteran trader Ali recently claimed that if SHIB continues to trade above the $0.0011 support, it could rally to the $0.0017 region.
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