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Tuesday, June 18, 2024

Shiba Inu, Most Popular Holding on Whale Addresses

Meme-based token that has changed the lives of many people with million percentage returns

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Shiba Inu  meme-based crypto token shoot up in the year 2021, and changed the lives of many people. The asset currently remains one of the most popular positions on the cryptocurrency market with more than 1.1 million holders.

As the year 2021 ends, Shiba Inu tokens remains the most popular holding among the 1,000 largest Ethereum whale addresses, with $1.8 billion sitting on numerous addresses.

Shiba Inu

Other markets and on-chain Shiba Inu metrics have also entered the green zone and shown growth in net flow, the average balance on whale-tier wallets and the average value of SHIB holdings.

While overall market data for Shiba Inu is looking highly positive, the volatility of the asset is still sitting at extremely low values, reaching 2% per day, which is the rate common for traditional stocks, bonds and foreign currencies.

According to the token’s history, increased volatility is one of the main “selling points” of Shiba Inu, with the majority of users who bought the coin in the early days sold at a huge profit. Many of the shiba investors became millionaire within a year.

More people are now buying the Shiba coin assets in order to “hit the jackpot” by riding another 100% wave.


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