MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

SHIB now ranks second among large Ethereum addresses

December 13, 2021
in Blockchain
Reading Time: 2 mins read
A A
SHIB now ranks second among large Ethereum addresses
ShareShareShareShareShare

Shiba Inu has not been having a smooth month, just like the rest of the market. The meme token had attempted to make a bullish run earlier on, with an 8% price gain. However, it has since slumped, heading towards new lows.

SHIB is not only losing in terms of value, but it has also lost its top position among large Ethereum wallets. Data from WhaleStats shows that Shiba Inu now ranks second among the largest Ethereum wallets.

SHIB whales decline

Currently, SHIB is sitting at a value almost 60% less than its all-time high achieved two months ago. Now, the net worth of SHIB tokens held by whale addresses has dropped significantly, and SHIB whales now take second place.

The first position belongs to the “Other tokens” category. This shows that whales are diversifying their portfolios, and not focusing on any single token.

The dominance of SHIB among whale addresses sits at 7.2%. The other tokens in the top position take up 7.5%. This is a slight but significant dip, as the meme token held the top position for quite a while. Nevertheless, SHIB is only 2% behind FTX, taking the third position.

SHIB’s price action attributed to the decline

One of the reasons attributed to this drop is the declining market value of the SHIB token. As aforementioned, Shiba Inu has fallen by almost 60% from its all-time high. The price dips have weakened the buyer support, and whales are no longer fueling another bullish rally.

While there are still whale addresses that are yet to sell their holdings, the net worth of their holdings has dropped because of the decreasing prices. The networth of these whale addresses has dropped from $2.1 billion to around $1.7 billion.

Moreover, the SHIB dips come when the broader market is also losing. Investors are refraining from investing in any volatile assets to avoid a risk of further losses. Most investors have stored their assets in stablecoins as a form of precaution.

Moreover, SHIB is not the only cryptocurrency that has made notable losses in the recent bear cycle. Over the past month, Dogecoin has dropped by around 36%, and it has fallen by 77% from its all-time high of $0.73.

The other token that has registered major dips is Solana. Solana has dropped by over 35% from the ATH of $259 recorded last month.

Your capital is at risk.

Read more:

Credit: Source link

ShareSendTweetPinShare
Previous Post

Portal partners with Chainlink to bring trusted data onto its Bitcoin-based DEX

Next Post

Growing Crypto Scams in South Africa Forces Regulators to Act

Next Post
Growing Crypto Scams in South Africa Forces Regulators to Act

Growing Crypto Scams in South Africa Forces Regulators to Act

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Tesla Reports BTC Loss Of $140M In 2022

Tesla Reports BTC Loss Of $140M In 2022

February 1, 2023
Shiba Inu uses Real Engine 5.1 to tackle billion-$-market

Release of Shibarium on track to onboard industry giants in billion-$-market

February 3, 2023
Can Blockchain Technology Succeed Without Crypto?

Can Blockchain Technology Succeed Without Crypto?

February 6, 2023
Korean authorities confirm search for Do Kwon

Korean authorities confirm search for Do Kwon

February 8, 2023
The January figures are 92.7% lower than the $121.4 million

The January figures are 92.7% lower than the $121.4 million

February 2, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Shiba Inu scores massive 1.3M holders amid coming up Shibarium
  • 3AC Founder Accused Of Obstructing Court Orders
  • Korean authorities confirm search for Do Kwon

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,113.00 0.42%
  • ethereumEthereum (ETH) $ 1,674.55 2.04%
  • tetherTether (USDT) $ 1.00 0.13%
  • bnbBNB (BNB) $ 331.91 0.76%
  • usd-coinUSD Coin (USDC) $ 0.999979 0.13%
  • xrpXRP (XRP) $ 0.401608 1%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • cardanoCardano (ADA) $ 0.400183 2.66%
  • dogecoinDogecoin (DOGE) $ 0.092088 0.85%
  • matic-networkPolygon (MATIC) $ 1.32 6.5%
  • okbOKB (OKB) $ 45.46 2.5%
  • solanaSolana (SOL) $ 23.68 1.67%
  • staked-etherLido Staked Ether (STETH) $ 1,670.65 2.02%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 0.51%
  • polkadotPolkadot (DOT) $ 6.87 2.18%
  • litecoinLitecoin (LTC) $ 100.64 1.09%
  • avalanche-2Avalanche (AVAX) $ 20.59 2.29%
  • tronTRON (TRX) $ 0.067832 4.86%
  • uniswapUniswap (UNI) $ 6.92 1.46%
  • daiDai (DAI) $ 0.999861 0.13%
  • cosmosCosmos Hub (ATOM) $ 15.29 4.46%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,099.00 0.34%
  • chainlinkChainlink (LINK) $ 7.23 2.94%
  • the-open-networkToncoin (TON) $ 2.29 2.88%
  • ethereum-classicEthereum Classic (ETC) $ 23.03 1.96%
  • leo-tokenLEO Token (LEO) $ 3.38 0.03%
  • moneroMonero (XMR) $ 168.25 0.72%
  • bitcoin-cashBitcoin Cash (BCH) $ 134.12 0.4%
  • aptosAptos (APT) $ 15.52 2.1%
  • stellarStellar (XLM) $ 0.092292 2.25%
  • nearNEAR Protocol (NEAR) $ 2.72 15.58%
  • apecoinApeCoin (APE) $ 6.04 5.69%
  • crypto-com-chainCronos (CRO) $ 0.085014 5.46%
  • filecoinFilecoin (FIL) $ 5.60 4.19%
  • lido-daoLido DAO (LDO) $ 2.52 4.5%
  • algorandAlgorand (ALGO) $ 0.290030 5.29%
  • quant-networkQuant (QNT) $ 141.34 2.25%
  • hedera-hashgraphHedera (HBAR) $ 0.078391 13.51%
  • vechainVeChain (VET) $ 0.025970 5.14%
  • internet-computerInternet Computer (ICP) $ 5.95 4.34%
  • the-graphThe Graph (GRT) $ 0.189410 3.19%
  • fantomFantom (FTM) $ 0.557255 0.33%
  • the-sandboxThe Sandbox (SAND) $ 0.867051 19.37%
  • decentralandDecentraland (MANA) $ 0.790712 7.94%
  • axie-infinityAxie Infinity (AXS) $ 11.95 7.45%
  • aaveAave (AAVE) $ 89.31 2.81%
  • flowFlow (FLOW) $ 1.23 9.94%
  • eosEOS (EOS) $ 1.11 2.73%
  • elrond-erd-2MultiversX (EGLD) $ 47.43 3.83%
  • theta-tokenTheta Network (THETA) $ 1.17 1.9%