Is Shiba Inu still the king of crypto for ETH whales? You bet it is! Dive into why the top 100 ETH whales still prefer buying Shiba Inu (SHIB), even amidst market fluctuations. The well-known website for monitoring blockchain activity, WhaleStats, has recently reported that the top 100 largest ETH holders now have 50.5 trillion SHIB in their wallets. This signals strong confidence in the meme coin's long-term potential.

SHIB has finally become the largest held crypto asset for ETH whales after USDC. Forget the hype, the data speaks volumes. WhaleStats has analyzed data from the 100 top SHIB holders among these Ethereum whales, offering the results to the public on Twitter. The average balance of SHIB in these wallets is considerable, showcasing serious investment and belief in Shiba Inu's future.

But why Shiba Inu? Shiba Inu (SHIB) is the top-held cryptocurrency among 100 ETH Whales, excluding Ethereum (ETH) and stablecoins. This isn't just a fleeting trend. The ecosystem's development, including Shibarium and TREAT, fuels ongoing interest and adoption. WhaleStats data reveals that the top 100 ETH Whales hold Shiba Inu is still the most popular asset among the top 100 ETH whales.

Shiba Inu's population continues to grow as mid-term holders have also increased their positions, demonstrating a broader base of support. As per recent data shared by WhaleStats, SHIB holds the largest USD position in the wallets of these influential investors. The continued accumulation by these whales suggests they anticipate further growth and utility within the SHIB ecosystem.

Is now the right time to follow the whales? That's a decision for every investor to make. But one thing is clear: the top 100 ETH whales still prefer buying Shiba Inu, indicating their unwavering conviction in this meme coin's enduring power and potential.