🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Shiba Inu Rally Fades — But Ethereum Whales Keep The Faith

Published 25/01/2023, 06:10
Shiba Inu Rally Fades — But Ethereum Whales Keep The Faith
ETH/EUR
-
ETH/USD
-
ETH/USD
-
ETH/EUR
-
ETH/JPY
-
ETH/GBP
-
ETH/JPY
-

Benzinga - Shiba Inu's (CRYPTO: SHIB) rally cooled down after it reached a monthly high of $0.00001251. However, it seems that Ethereum (CRYPTO: ETH) 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 (CRYPTO: NMR) for most traded token among top 100 whales.

The SHIB smart contract is the fourth most used by the whales, behind ETH, USDC (CRYPTO: USDC), and USDT (CRYPTO: USDT), 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.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.