Shiba Inu Emerges As Top Choice For Ethereum Whales, Despite Majority Of SHIB Investors Facing Losses
By Benzinga
The top 100 largest Ethereum (CRYPTO: ETH) whales are known for their holdings and diverse investments. While stablecoins dominate their portfolios, Shiba Inu (CRYPTO: SHIB) stands out as the largest non-stablecoin token holding among these whales.
What Happened: According to data from whale tracking website WhaleStats, SHIB currently holds the third position in terms of token holdings for these top ETH whales.
Only stablecoins USD Coin (CRYPTO: USDC) and Tether (CRYPTO: USDT) surpass SHIB in terms of whale investments. Despite the notable recoveries seen by rivals like Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE), SHIB has remained stagnant.
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Why It Matters: The constant decline in price has resulted in a significant number of SHIB holders currently facing losses. Data from IntoTheBlock reveals that a mere 13% of SHIB holders are in profit, while a concerning 81% find themselves in a loss.
Price Action: At the time of writing, SHIB was trading at $0.000007801, down 0.21% in the last 24 hours, according to Benzinga Pro.
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