It seems that 10% of the Shiba Inu’s capital is concentrated in the hands of the whales. The largest 2,000 ETH whales allocate a large amount of money to LINK and 7 altcoins, alongside the $660 million Shiba.
Distribution of SHIB, LINK and MATIC among the top 2,000 whales
WhaleStats, which tracks Ethereum (ETH) whales, has shared data on the wallets of the 2,000 largest whales. Alongside stablecoins and Ethereum, SHIB occupies the largest portion of the whale portfolio, according to the data. According to on-chain data, Shiba’s share is 10% of the total. On the other hand, it means whales hold $660 million SHIB. By comparison, the Shiba Inu’s overall capitalization is around $6.6 billion. Thus, the 2,000 largest ETH whales hold 10% of their portfolio in SHIB. According to the data, these whales hold 10% of the total Shiba Inu supply.
https://twitter.com/WhaleStats/status/1556106978912608257
Whales are also accumulating LINK and altcoins
The data provided by WhaleStats also sheds light on which altcoins whales are accumulating outside of SHIB. The largest Ethereum whale currently has tokens set at the following rates.
- Shiba Inu (SHIB) – 659,488.520
- Bitpanda (BEST) – 197,161,112
- CreaEther (CETH) – 164,943,10
- Polygon (MATIC) – 145,440,212
- Decentraland (MANA) – 138,209,116
- Chainlink (LINK) – 132,311,340
- SwissBorg (CHSB) – 117,974,312
- BitCherry (BCHC) – 104,941,784
Are the statistics worrying?
On the contrary, it shows that the project, which is considered a joke, is accepted among whales. Considering that SHIB’s next-ranking neighbors are brilliant crypto startups like Decentraland (MANA), Chainlink (LINK), and Polygon (MATIC), SHIB’s share still occupies 5x the share of these tokens.
SHIB has had a busy week
A number of good news and events have come to the fore for the Shiba Inu since last week. That’s why, celebrating its biennial birthday on August 2, the project has revealed a number of details about its highly anticipated game “Shiba Eternity” developed in collaboration with PlaySide Studios. The announcement was also not without the close attention of Ethereum whales. As we have also reported as Kriptokoin.com, Binance, one of the world’s largest crypto ecosystems, announced the addition of XRP, Shiba Inu (SHIB) and Avalanche (AVAX) as payment instruments with Binance Card.
#Binance Card has added $XRP, $SHIB and $AVAX to the list of supported cryptocurrencies.
Find out more ➡️ https://t.co/NF53ujOceN pic.twitter.com/xLmuUrB9N8
— Binance (@binance) August 5, 2022
Also, Binance was known to include SHIB in the list of coins that can be used to pay with Binance Card. Thus, it became possible to use SHIB as a payment method in the European Economic Area. Meanwhile, trying new payment methods will be available to residents of the European Economic Area, as well as Ukrainian refugees who have been granted asylum in these countries. In order to operate in this region, the card was issued specifically by Binance with the purchase of a license for its subsidiary in Lithuania. In other countries, Binance Card is not yet accepted for payment.
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