The popular meme coin Shiba Inu (SHIB) has always been in the limelight of Ethereum whales. However, things are moving in the opposite direction for the meme coin these days. Because while SHIB recorded a nice increase last week, the whales left. The top 100 Ethereum whales have removed SHIB from their tally for a metaverse token. This is very disturbing news for the SHIB Army.
Whales drop SHIB and take MANA and these
cryptocoin.com As you can follow, Shiba Inu has always been a favorite of Ethereum whales. However, this seems to be changing. According to whale watching platform WhaleStats, the Shiba Inu (SHIB) is no longer the largest holding among the top 100 Ethereum whales. In fact, the whales left the entire SHIB holding. According to the data, Decentraland (MANA) is now the largest token held by ETH whales. Previously, the largest Ethereum whales were holding more than $76.5 million worth of SHIB. Also, the whale tracker reported on November 29 that the top 100 ETH whales have over $68 million in SHIB.
However, whales are now abandoning SHIB and filling it up with MANA and others. Whales currently hold $1.05 million worth of MANA tokens. This shows that it is approximately 35% of the total holding. These are followed by ANT, ENJ, UTK, CVC, TKN, DAWN and SNT. Beyond this top 10 list, at least not even in the top 20, SHIB could not find a place for itself.
But the richest list on the same platform shows that the biggest Ethereum investors still hold SHIB. The largest wallet on this list currently contains a pretty impressive amount of these meme tokens. The wallet holds 18,113,302,000,496 Shiba Inu tokens worth $178,053,759. Other whales have $100 million or less in this cryptocurrency. However, they still hold it in their hands. After the address we mentioned above, each of the top 10 wallets on the list has between $98 and $100 million in SHIB. This is equivalent to 10,000,000,000,008 SHIB. Meanwhile, the total number of Shiba Inu holders currently stands at 1,255,976, according to WhaleStats.
SHIB and MANA rising
The Shiba Inu was up 5.94% earlier today. Thus, SHIB bounced from $0.00000935 to $0.00000990 after printing a large, long, green hourly candle and then a smaller candle. This is a significant increase for SHIB since Nov 22 (when it was trading at $0.00000821). Because, during this period, the Shiba Inu rose and gained about 20% in value. However, the meme coin is 88.91% below its historic peak, which it reached in late October last year.
On the other hand, Decentraland is up 5% in the last 24 hours. MANA is trading at an average price of $0.423 at press time. 24-hour trading volume increased 65% to $79.2 million.
