David Gokhshtein, a US congressional candidate and founder of Gokhstein Media, has released the SHIB forecast. Accordingly, the famous phenomenon will make big gains in the price of Shiba Inu in the near future.
“SHIB will go to these levels”
The founder of Gokhshtein Media talked about the second largest meme-based cryptocurrency by market cap. US congressional candidate Shiba Inu took to her official Twitter account for her predictions. In his post, he shared his hope that the price of SHIB would soon rise to the $0.01 level. Gokhstein was a former US congressional candidate. He is now a crypto entrepreneur and CEO of PAC Protocol. The famous phenomenon “called” the Shiba Inu to rise solidly and go for $0.01 in his post. The sharing was as follows:
“I want a favor from Shiba Inu. Do me a favor and go for $0.01. Thank you.”
This isn’t the first time the crypto phenomenon has shared about SHIB. He stated in an earlier tweet that the Shiba Inu looks set to make a new leap forward. After that, the meme coin caught the attention with an increase of about 40% just a few days ago today. Gokhshtein has been keen to bolster the SHIB narrative this year by sending supportive and uplifting tweets. In April, Gokhshtein predicted that the Shiba Inu would reach $0.001, not $1. He also stated that at the time, many people would switch to Bitcoin and Ethereum via SHIB. Prior to that, he drew criticism for tweeting the same thing about Dogecoin.
Whales cause ripples in Shiba Inu
The WhaleStats platform, which focuses on the largest wallets on the Ethereum chain, recently shared a tweet. Accordingly, the top 1,000 Ethereum whale wallets hold a total of $181.1 million worth of Shiba Inu. For whales, SHIB tops the top ten most popular list. However, the top 100 whales on Ethereum hold slightly less SHIB. The amount of Shiba Inu these whales keep is 177.5 million dollars.
In addition, the meme coin ranks fourth in the list of coins invested by 100 whales. USDC, USDT and stETH are in the top three before the Shiba Inu. On August 17, WhaleStats data showed these whales were holding $191.2 million in Shiba Inu. So far, they’ve sold $10 million worth of SHIBs from August 17 to date. Thus, they caused various price fluctuations on the dog-themed meme coin.
Increasing numbers of SHIB millionaires
More Shiba Inu millionaire owners seem to be emerging, according to data from IntoTheBlock. The Holding Distribution Matrix indicator shows the distribution of different address groups according to the balance they hold. Accordingly, it shows that more than 497,000 of these address groups, or 42.58% of the total addresses, are in the 1 to 10 million SHIB range. This group represents the largest category, with 10-100 million SHIB (26.36%) followed closely by 0-1 million SHIB (23.15%).
Cumulatively, Shiba Inu addresses holding 1 to 100 million SHIB account for 68.94% of the total number of owners, or 805,210 addresses. According to WhaleStats, the number of Shiba Inu owners is given as 1,208,838. This illustrates the impact these Shiba Inu millionaire owners have on the market. cryptocoin.com As we reported, the Shiba Inu has dropped over 8% in the last 24 hours. Also, it is currently trading at $0.000014.
