Topic: Ethereum whales’ stint with SHIB not so impressive; balances below $1B (Read 66 times)

I don't know of any other reason other than potential huge returns in the next bullrun. I personally do not see much future in this token but it's hard to ignore that they have a larger community compared to the rest of the altcoins. Time will tell if they become richer or they get burned.

  The Ethereum whales' and SHIB's collaboration isn't as stunning as many might imagine. The most valuable meme currency in 2021 is still losing value in 2022, which is in line with the current decline. Since the beginning of the year, the coin has lost about half of its value. Shiba Inu (SHIB) prices have decreased 15% in the last week. The fraction of SHIB held by Ethereum whales in their compromised portfolio has decreased by 0.02 percent since Monday. The top 100 Ethereum whales now own SHIB valued just less than $1 billion.

These whales, on the other hand, continue to trust the SHIB. The coin has continually maintained its position as the most popular cryptocurrency among the largest wallets. It still has the greatest USD holding among the top 100 Ethereum whales. In a recent deal, one of the whales hauled in almost 300B SHIB.

Given that the coin has an active development team eying the metaverse and other current advancements, these whales could be spending so much in it.

Despite the fact that the coin's value has dropped, it remains the most valuable among the ETH whales.
What do these whales see in this meme coin, exactly?
Thank you for reading be sure to checkout my blog site related to this topic  https://deshawnmakemoney.blogspot.com/2022/05/best-crypto-advertising-networks-for.html I found this information online and decided to post what's trending in altcoin discussion news