Shiba Inu Rally Fades — But Ethereum Whales Keep The Faith - Benzinga

Shiba Inu's SHIB/USD rally cooled down after it reached a monthly high of $0.00001251. However, it seems that Ethereum ETH/USD whales are not ready to give up yet.
What Happened: At the time of writing, SHIB was down 7% in the last 24 hours, according to Benzinga Pro.
According to whalestats analysis, the top 100 ETH whales hold over $566 million worth SHIB, which makes up 15% of their total token holdings excluding ETH. This puts SHIB third on the list of the top 10 most-held tokens.
See More: Best Crypto Day Trading Strategies
SHIB on Tuesday flipped Numeraire NMR/USD for most traded token among top 100 whales.
The SHIB smart contract is the fourth most used by the whales, behind ETH, USDC USDC/USD, and USDT USDT/USD, with a 186% increase in usage among the top 100 ETH whales.

Read Next: Bitcoin, Ethereum, Dogecoin Slide: Analyst Says Apex Crypto In For 'Very Interesting' Rally Or Short-Term Pullback
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visit Benzinga’s Crypto Homepage – 1,000,000+ depend on Benzinga Crypto every month

source

How To Make Huge Profits In A Short Time With Crypto
Get detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.