Shiba Inu (SHIB) Soars as Most Traded Crypto among Top 100 ETH Whales, Outperforms Polygon (MATIC) Ahead of Shibarium Launch.
The famous blockchain data tracking platform, WhaleStats recently reported that SHIB surged to become the most traded crypto among the top 100 ETH holders, outpacing MATIC in the past 24 hours.
? JUST IN: $SHIB @Shibtoken flipped $MATIC for MOST TRADED token among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#SHIB #MATIC #whalestats #babywhale #BBW pic.twitter.com/WEfHfUrDtL
— WhaleStats (tracking crypto whales) (@WhaleStats) February 2, 2023
The interest in Shiba Inu has grown among major Ethereum investors, as tracked by WhaleStats. The top 100 ETH holders now hold a staggering $631,233,793 ($631.23M) worth of SHIB in their portfolios.
? The top 100 #ETH whales are hodling
$631,233,793 $SHIB
$155,483,580 $BEST
$97,362,597 $MATIC
$92,981,233 $BIT
$84,304,664 $LOCUS
$63,805,836 $MANA
$58,640,542 $CHZ
$57,796,335 $QNTWhale leaderboard ?https://t.co/N5qqsCAH8j pic.twitter.com/YoSeO81qDN
— WhaleStats (tracking crypto whales) (@WhaleStats) February 2, 2023
This increased interest has been fueled by hints from the lead developer about the potential launch of the Shibarium Layer 2 solution beta version. Recently, Unification XFUND has also shared the recent update regarding Shibarium and confirmed that they alongwith Shiba Inu team are quickly approaching towards the potential launch.
In addition to this, Shiba Inu’s popularity and acceptance in mainstream usage are growing. Recently, The London Lions, a UK basketball team partnered with the world’s leading crypto payment processor, BitPay to allow their fans to purchase merchandise and game tickets using Shiba Inu.
Following the above developments, Shiba Inu’s price begins to rise. As per CoinMarketCap, Shiba Inu is now up 17.66% over the last week. As of press time, Shiba Inu is trading at the price of $0.00001408, up 12% over the last day with a 24-hour trading volume of $1,031,010,707 ($1.03B).
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
