According to Whalestates, among the top 100 ETH whale wallets, the Shiba Inu token has surpassed the Locus Chain (LOCUS) as the largest holding. The biggest wallets are currently holding Shiba Inu coins worth about $133 million.
Whales have chosen Shiba Inu (SHIB), the second largest meme cryptocurrency in the world.
Shiba Inu prices, meanwhile, have decreased by almost 18% during the past 30 days. The whales are still clinging to their SHIB tokens.
Shiba Inu turns the locus token
According to Whalestates, among the top 100 ETH whale wallets, the Shiba Inu token has surpassed the Locus Chain (LOCUS) as the largest holding. The biggest wallets are currently holding Shiba Inu coins worth about $133 million.
However, the data from the whales shows that there is a catch. The biggest whale was carrying LOCUS tokens worth about $167 million. The Shina Inu token was turned into the largest holding. This stake is now only worth about $43 million.
Top whales continue to possess the same number of Shiba Inu tokens that they did earlier. This shows that whales are keeping SHIB coins and anticipating a price increase in the near future.
Why are whales still carrying SHIB?
Prior to the game's launch, a whale was said to have added over 1.7 trillion Shiba Inu tokens, according to a CoinGabbar report. This whale accumulation cost $19.39 million and was purchased in a single transaction via the Huobi cryptocurrency exchange.
Shiba Inu prices have not seen any form of upward trend since the release of its eagerly anticipated official CCG game. On the Google Play store, the Shiba Eternity has received over 10,000 downloads.
Shiba Inu owners are continuing to participate in the token burn game despite the unfavourable sentiments permeating the global cryptocurrency market. According to the data, the Shiba Inu burn rate has increased dramatically over the past 24 hours by almost 1960%. 56.13 million SHIB tokens have been transferred by SHIB holders to a defunct wallet.
However, none of these incidents have caused the SHIB prices to increase. Shiba Inu's average price has dropped by 2% during the past 24 hours to $0.000011.
