Shiba Inu Remains Top Holding in Whale Wallets After Market Drops by 25%

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Shiba Inu

Shiba Inu meme token has been the most popular token among whales during both local bull and bear cycles on the cryptocurrency market. With the current bloodbath continuing on both the Bitcoin and altcoins markets, Shiba maintains its strong place on whale-tier addresses, according to WhaleStats.

Whale wallet holdings

According to the total whale holdings in the 1,000 largest Ethereum wallets, Shiba Inu still remains the largest position among whales with $2 billion worth of tokens held currently. While the USD value of holdings remains the same, the percentage (or the dominance) among whales has decreased significantly.

At press time, Shiba Inu holdings remain at 8% dominance, while “Other” smaller tokens account for 7.89% of all holdings coming closer to the dog-based meme coin.

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