ETH Whales Recently Grown Their Holdings In Shiba Inu
On June 4, WhaleStats Tweeted that “the top 500 ETH whales are holding $903,803,795 FTX Token, $629,675,496 SHIB, $256,638,364 BEST, $165,493,872 CHSB, $133,388,304 MXC, $124,763,282 MANA, $212,151,355 LINK and $105,266,592 LOCUS.” Another possible reason for SHIB’s popularity among ETH whales could be the fact that the meme coin launched its metaverse with 100,595 plots of virtual land.
With regards to Shiba Inu (SHIB) specifically, there has been a huge amount of interest from Ethereum (ETH) whales over the last few months. At the moment, SHIB is one of the most held tokens among the wealthiest Ethereum whales. Burning SHIB could be very beneficial to the token holders as it increases the scarcity of the token, which could then possibly increase the value of the token. This, however, is not always the case.
Source
@Doge_ShibaInu
