Shiba Inu fans, it’s time to rejoice. SHIB has recently flipped FTX to be the biggest ERC-20 holding coin among the top 1000 Ethereum whales.
As per the data provided by Whalestats, the top 1000 ETH whales hold $1,822,731,714 worth of Shiba Inu coins. This makes up a whopping 16.85% of their total holdings. FTX currently is at 16.07%, worth $1,738, 099,872.
Shiba Inu has been making a lot of positive noise in the news recently. The much-loved meme coin has seen a plethora of developments that have pushed its popularity even further. Along with its recent record break, SHIB has also witnessed an awesome surge in its price.
Recent Shiba Inu developments
Shiba Inu recently launched its fast-food restaurant, Welly, in Naples, Italy. This was the first real-life utility for the coin and it has received much praise from the Shib Army. Welly went on to receive a 4.9 rating on Google.
The popular coin also ranked first among 3530 altcoins on LunarCrush’s list of the best altcoins.
SHIB’s rise among the top ETH whales has been swift and smooth. The coin had earlier flipped CRV to become the most traded coin among the top ETH whales. Its price then had a 26.8% jump.
Additionally, with their backend-payment integration technology, NOWPayments enabled retailers to accept Shiba Inu as a method of payment.
At the time of publication, Shiba Inu was trading at $0.00003455, up by a whopping 24.4%.
SHIB seems to be on a winning streak as it breaks all records and is inching closer to its 1 Cent goal. The Shib Army has never lost a moment to shower love and support to their favorite token. And surely, their support seems to be paying off. Are we witnessing the “Doge Killer” finally take its spot as the top “Dog”? Well, time will surely tell.