Shiba Inu is the Ethereum whale’s favorite coin

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Shiba Inu

The Shiba Inu token is an ERC-20 coin that runs on the Ethereum blockchain and uses the network’s smart contract technology. The main mission of the Shiba Inu Coin is to maintain one of the core principles of cryptocurrency. decentralization Decentralization: Decentralization protects powerful institutions (such as banks and government agencies) from monopolizing control.

According to Whale Stats, the largest cryptocurrency holding on the Ethereum blockchain by a large investor, or the largest Ethereum whale right now, is Shiba Inu, holding 17.4%, with $BEST accounting for 3.71% with $505.6 million. and $OKB accounted for 3.46%, holding $495 million, followed by Crypto.com’s CRO with $471 million.

Shiba Inu is currently the 11th largest cryptocurrency with a market capitalization of $24.4 billion. which now has a market capitalization of $30 billion. The community behind SHIB, also known as SHIBArmy, is known for its support for cryptocurrencies. It even made more than 535,000 signed petitions asking Robinhood to list.

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