is still amongst the interesting tokens to hold even for whales and is at the top list of biggest ERC-20 holdings. The top 1000 ETH wallets are the whales of the blockchain, and their holdings can be a sign of confidence in coins for the long term. A considerable share of these wallets holds SHIB tokens. Something that would seem impossible some months ago.
According to the latest data from the WhaleStats Twitter account, 17.44% percent of top 1000 ETH wallets are holding SHIB tokens. The amount of held tokens is currently valued at $2,371,207,191. Fans of the Shiba Inu project also called as ShibArmy, can be very excited about this fact and stay confident about their investment.
Many of the experts in the cryptocurrency industry believe meme coins like SHIB and DOGE aren’t good investments. Some of them even call these tokens “shitcoins.” But it seems the market isn’t listening to these suggestions, and more people are buying and holding SHIB in their wallets. The token showed a considerable pump in the last months, and the early buyers earned a lot from this investment.
Other tokens that are held by a big group of whales are BEST, OKB and CRO. These tokens may have big potentials in the future because whales are feeling confident about them. But you can’t decide about investing in a token only because whales are holding it. There are many metrics that affect the price of a token. In terms of SHIB and other meme coins, hypes in social media can be considered as the most important metrics.
The difference between the amount of held SHIB tokens with the next tokens in the list is very significant. The next spots belong to BEST, OKB, and CRO. The average percent of whale wallets holding these tokens is 3.6% which is very low compared to the 17.44% for the SHIB token. Some of the other held tokens in the wallet of the top 1000 ETH accounts are USDT, USDC, LINK, TEL, and SRM.
Shiba Inu has had a promising trend in the last months. It showed 10x price jumps and made a lot of news resulted in many other similar coins emerging in DEXs and CEXs. But still, many believe that you should only invest in projects with a reliable background and meaningful whitepaper. Anyhow, it seems meme coins still have their own fans and can make many people rich.
Healthcare Company Adds Shiba Inu to Its Balance Sheet
A Toronto-based healthcare company now holds Shiba Inu on its balance sheet.
Ask The Doctor, a Canadian online healthcare company, has added $1.5 million worth of Shiba Inu to its balance sheet, according to an announcement posted on its Twitter account.
Kraken facilitated the seven-figure buy. As reported by U.Today, Shiba Inu started trading on the San Francisco-based cryptocurrency exchange on Tuesday.
Ask The Doctor has added ~$1.5M USD (approx 31B $shib) to our balance sheet via Kraken.
We are 72 hours away from accepting #SHIB with our healthcare partners. pic.twitter.com/NHG17druCh— Ask The Doctor ® 🇺🇸🇨🇦 (@askthedr) December 1, 2021
The medical information website will also begin accepting the meme cryptocurrency with its healthcare partners within the next three days.
It already allows clients to pay with Dogecoin for certain services in the U.S. and Canada.
The Toronto-based company was launched in 2010, allowing its clients to connect with medical professionals via text messages or video streaming. Notably, its list of co-founders includes former NBA player Israel Idonije and former NBA star Dikembe Mutombo.
In 2016, Ask The Doctor started accepting Bitcoin payments, becoming the first healthcare company around the globe to embrace crypto.
The reason for adding the new payment option was to offer customers who share sensitive medical data more privacy.
Shiba Inu Coming to Brazil’s Largest Crypto Exchange
BBrazil’s Mercado Bitcoin is set to add support for Shiba Inu on the first day of December.
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced that Shiba Inu will become available for trading starting from Dec. 1.
The token is yet to be added to the trading platform at the time of writing.
The announcement was accompanied by a video of a Shiba Inu dog in military gear.
Uma das moedas que mais valorizaram em 2021 e que acumula um verdadeiro exército de seguidores💪😮
É isso aí! Amanhã, $SHIBA estará disponível no MB, com um histórico de valorização de mais de 18000%, até agora neste ano.
🚨 01/12 #shibarmy @shibtoken #shibainu pic.twitter.com/24HuhiBymA— Mercado Bitcoin (@MercadoBitcoin) November 30, 2021
After listing SHIB, Mercado Bitcoin will also add support for Cosmos (ATOM), Polkadot (DOT) and Loopring (LRC) later this week.
2TM, the parent company of the number one exchange in Latin America, raised another $50.3 million in late November. This occurred just months after raking in $200 million in July during a Series B investment round spearheaded by Japanese conglomerate SoftBank.
Last month, Korbit became the first cryptocurrency exchange to list Shiba Inu in South Korea.
Kraken, one of the world’s top exchanges, also added support for the top token earlier this week.
New Shiba Whale Buys $38 Million Worth of Tokens
Another whale appears on Shiba Network after token drops from local high and consolidates
New Shiba Inu whale appears on the network after purchasing $38 million worth of tokens. The whale newcomer has bought 850 billion tokens while it was losing 5% of its previously gained value.
The transaction was made 15 hours ago, while the token had just begun its correction and was trading at $0.000048. Such strong buying power, unfortunately, could not push SHIB further up and fuel the local uptrend.
With more whales entering the market, Shib’s fundamental background is continuously developing while the price on the market seems to struggle to break through the $0.000046 area.
Other whales also remain in the Shiba Inu sea by holding more than $2.3 billion worth of tokens while previously owning only about $1.8 billion. The change in the trend appeared shortly after the global cryptocurrency market correction.
Most whales have entered Shib with a large discount of 15% compared to the previous trading range. Whales have also become an absolute majority on the chain by buying up 72% of the circulating supply, which puts Shiba mostly in the hands of large wallets.
At press time, Shiba is trading at $0.000046 with 3% of the daily loss. Additionally, the token is losing 15% from its previous high of $0.000054. The token failed to continue its rally and is trading at the local support, while on-chain data suggest a rapid drop of trading volume, which indicates that traders have not yet decided the future direction of the asset’s price.