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Shiba Inu remains to be an undisputed king among the top 1000 ETH whales’ rich list. Latest data shows that the top 1000 ETH whales now own 48 trillion Shiba Inu Shiba Inu, the doge meme coin which started as a fun currency and now has become a decentralized ecosystem, sees continued upward momentum while breaking Technical indicators suggest that the SHIB price is nearing a critical support level with the RSI at 30.68, signaling oversold conditions. A recent on-chain report published The whales are making the most out of the Shiba Inu dip by adding bags of SHIB coins to their portfolio. On an average, individual whales have picked up 20 billion SHIB On-chain data from Santiment reveals that Shiba Inu (SHIB) has the highest level of whale control among top altcoins. The top 10 largest wallets hold 61.3% of SHIB’s total 315 subscribers in the AskShib community. r/AskShib is the subreddit to answer all questions regarding Shiba Inu. The cryptocurrency market is going through a volatile period, and Shiba Inu is not immune to the storm. Despite a price drop and a lack of interest from small investors WhaleStats data reveals that the top 100 ETH Whales hold 49,621,465,093,470 (49.62 trillion) SHIB, worth $601,204,724 ($601.20 million) in their wallets. Shiba Inu has remained at the top position among ETH whales for close to a month straight. The coin remains to be an undisputed king by taking the top position of the heatmap wars. The ETH-rich list, which constitutes the top 1000 wallets, has gone all-in for

Shiba Inu: Undisputed King Among ETH Whales - Why They're Stacking SHIB

Shiba Inu remains to be an undisputed king among the top 1000 ETH whales’ rich list. Despite market volatility, these high-value investors continue to favor the doge meme coin turned decentralized ecosystem.

Whale Accumulation During Dips

The cryptocurrency market is going through a volatile period, and Shiba Inu is not immune to the storm. Despite a price drop and a lack of interest from small investors, the whales are making the most out of the Shiba Inu dip by adding bags of SHIB coins to their portfolio. On an average, individual whales have picked up 20 billion SHIB. This strategic accumulation suggests long-term confidence in SHIB's potential.

Dominance on the ETH Rich List

WhaleStats data reveals that the top 100 ETH Whales hold 49,621,465,093,470 (49.62 trillion) SHIB, worth $601,204,724 ($601.20 million) in their wallets. Shiba Inu has remained at the top position among ETH whales for close to a month straight. The coin remains to be an undisputed king by taking the top position of the heatmap wars. The ETH-rich list, which constitutes the top 1000 wallets, has gone all-in for Shiba Inu.

Latest data shows that the top 1000 ETH whales now own 48 trillion Shiba Inu. This significant holding underscores the continued dominance of SHIB within the Ethereum ecosystem.

On-Chain Analysis: Whale Control and Oversold Conditions

On-chain data from Santiment reveals that Shiba Inu (SHIB) has the highest level of whale control among top altcoins. The top 10 largest wallets hold 61.3% of SHIB’s total. This concentration of wealth indicates that whale activity significantly impacts SHIB's price movements. Technical indicators suggest that the SHIB price is nearing a critical support level with the RSI at 30.68, signaling oversold conditions. This oversold state potentially presents an opportunity for further whale accumulation.

Shiba Inu's Evolution: From Meme Coin to Decentralized Ecosystem

Shiba Inu, the doge meme coin which started as a fun currency and now has become a decentralized ecosystem, sees continued upward momentum while breaking... barriers. Its evolution beyond a simple meme coin has solidified its position in the crypto space, attracting the attention and investment of major ETH whales.

Have questions about Shiba Inu? Join the 315 subscribers in the AskShib community. r/AskShib is the subreddit to answer all questions regarding Shiba Inu.

Stay informed about the latest Shiba Inu developments and understand why it remains to be an undisputed king among ETH whales. A recent on-chain report published further details about whale holdings and market trends for SHIB.

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