The Shiba Inu will eventually rise as ETH whales store as many tokens as possible
Shiba Inu may have originated from a meme, but coding is no longer a joke! Shiba Inu, the ‘Dogecoin killer’ has surged dramatically in 2021, making it one of the most watched cryptocurrencies in 2021, overtaking other popular cryptocurrencies like Bitcoin and Ethereum. Last year, and for a short period of time, the largest memecoin, Dogecoin, was captured by the cryptocurrency to fall at the top of the memecoin pyramid. Since the appearance of Shiba Inu, crypto has broken many records. So to continue its winning streak, Shiba Inu once again struck amid the most volatile time in the cryptocurrency market.
Despite the unexpected, Shiba Inu managed to attract millions of investors herself and managed to attract Ethereum whales. The top 100 ETH whales have an average of $14 million in value. And Shiba Inu seems to have made itself a prominent asset among its properties. SHIB has finally become the largest crypto asset held by ETH whales after the USDC. The Shiba Inu population continues to grow as mid-range owners have also been redistributed.
SHIB developers are working day and night to pave the way for the best cryptocurrencies on the market. Developers have introduced cryptography to the metaverse. Besides, the launch of the Shibarium network will also facilitate the growth and development of crypto and provide the critical ability for smart contracts and transactions to be processed and executed.
Since ETH whales store Shiba Inu tokens, their prices have jumped by almost 15% in 24 hours. Over the past several weeks, market analysts and critics have been highly critical of SHIB’s development initiatives. But it is possible that SHIB may rise again soon with the help of the higher power that Ethereum investors are giving over the cryptocurrency.
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