די וועלט 'ס גרעסטער עטהערעום [ETH] whales continue to place bullish bets on the meme-currency shib. But the question still comes down to the latter’s price.
Did whales’ faith in SHIB help the suffering token surge in value?
דאָ ס דער ענטפער
Shiba Inu’s native token SHIB is leading the race to become one of the most used smart contracts among the 1,000 largest ETH whales.
WhaleStats, a portal that tracks the actions of major Ethereum holders, highlighted this development in a 24 July tweet.
נאָר אין: $ SHIB @סיבטאָקען איינער פון די מערסט געוויינט קלוג קאַנטראַקץ צווישן די שפּיץ 1000 # עטה וויילז אין די לעצטע 24 שעה?
מיר האָבן אויך $ BNT, $ BOND, $ מאַטיק, $ קווקס & $ AAVE אויף דער רשימה?
ווייל לעאַדערבאָאַרד: https://t.co/jFn1zIOq03# שיב #ווהאַלעסטאַץ #בייבי ווייל #BBW pic.twitter.com/qgYieXtArN
- WhaleStats (פריי דאַטן אויף קריפּטאָ וויילז) (@WhaleStats) יולי קסנומקס, קסנומקס
According to the portal, SHIB has a 19.04% or $548.6 million share in the total portfolio of all ETH whales, which equals $49.3 trillion SHIB. Here’s the detailed leaderboard below.
מקור: Whalestats
Undoubtedly, these dominant buyers have showcased their faith in the flagship network despite a few hiccups in the past.
Consider this, “BlueWhale0159” acquired a massive lump of Shiba Inu as the token remains whales’ largest holding. As per עטהערסקאַן, the said whale קונה 50,000,000,000 worth of SHIB, וואָס אַמאַונטיד צו $1,750,500 in the monetary equivalent.
Such heavy demand goes hand in hand with SHIB ברענען tokens from its overall circulation. Mainly in hopes of pushing the token’s price up.
In the past 24 hours of press time, there were a total of 110,289,311 shib טאָקענס פארברענט. Furthermore, on 23 July, almost 200 million SHIB tokens were אַוועקגענומען from circulation in the past four days, following a burn of one billion SHIB.
Expectation vs. reality check
Notably, Shiba Inu has grown to become a top-15 crypto asset by market cap. This comes amidst recent bullish trends that have seen the asset rally with other cryptocurrencies. In fact, it recently overtook טראָן (TRX), which is now placed #16.
Moreover, Shiba Inu has formed a high-profile אַרומבינדן with Marvel’s go-to previsualization company. Yet another bullish development.
However, despite the whales’ trust and the aforementioned developments, SHIB’s price didn’t quite appreciate much. At the time of writing, SHIB suffered a fresh 1% correction as it traded around the $0.000013 mark.
Source: https://ambcrypto.com/eth-whales-hold-50t-worth-of-shib-what-could-it-mean-for-your-portfolio/