Since 2023, Shiba Inu has been the most talked about meme cryptocurrency. The wealthiest Ethereum whales are responsible for this newfound momentum. A crypto whale tracker has revealed that ETH whales are the largest holders Shiba Inu and can hold up to $651 269,941 SHIB.
Ethereum whales hunt huge gains in Shiba Iu
According to WhaleStats data, the 500 largest ETH whales currently have a staggering $651 269,941 SHIB. This was after BlueWhale0073, an ETH whale, bought 223,077.962,531 Shiba Inu tokens, which were worth $2,755,012.

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After a dramatic price rise in the last 30 days, this meme cryptocurrency has gained huge popularity. Although Shiba Inu is currently trading at $0.0000124, a decrease of 0.53% over the last 24 hours. However, it has gained more that 23% over the past four weeks. Shiba Inu also outperformed its main rival Dogecoin, which was down by 3.3%.

Is the Shibarium Launch involved in this?
The Shibarium layer-2 solution is planned to launch in the near future. This could encourage wider adoption of the meme currency. Because Shiba Inu is built on top Ethereum blockchain, its gas costs have been much higher that anyone would like. The transaction fees for SHIB should be lower with Shibarium. People won’t celebrate the launch of Shibarium Beta, according to Shytoshi Kusama (lead developer of Shiba Inu). Instead, they will be thinking about building projects to improve the network. Shytoshi said that users will not celebrate but instead connect, build, or work together to strengthen L2 platforms.

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Also, read: Top 5 Meme coins outperforming Dogecoin(DOGE) by 2023
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Disclaimer: This article contains only the author’s opinion. It is not intended to be an investment advice. This article is intended to inform and provide information about the current trends in crypto. Anyone who plans to invest in crypto assets needs to seek independent financial and professional advice.

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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

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