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- Big whales can be seen moving towards new coins amidst the worst hit crypto winter in history. The top 100 Ethereum Whales are seen to be bullish on meme coins particularly.
- The meme coins are responsible for 16.87% of the total holdings of the top 100 whales. Shiba Inu holds the number one position in the holdings of top 100 whales.
- ShibDoge, a popular memecoin, is in fourth position. ShibDoge contributes 11.62% in the holdings of whales at a dollar value of $376,780,896.
Ethereum Whales are staking up their holdings as the bear market is trending. An unusual happening could be seen happening as these big players seem to eye the new coins. The top 100 Ethereum Whales continue to be bullish on them while meme coins continue to make whales. Meme coins make some of the largest holdings of these whales.
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Shiba Inu And ShibDoge Are The Favorites Of Top 10 Whales
Crypto assets which were not used to be considered till two years ago have dominated the top 10 holdings of the Ethereum whales. Shiba Inu, the popular meme-inspired currency, has been part of the list for the longest form and continues to stay there. The Ethereum whales seem to be the most bullish however this doesn’t come as a surprise given the success of SHIB.
Among top whales, Shiba Inu continues to hold the largest holding position by value of dollar after ETH and USDC. The meme tokens account for the 16.87% of the total holdings of the top 100 whales, which roughly worth more than $546.9 million.
ShibDoge comes next in the line. It stands out among the several meme coins in the space. However, the latest crypto winter has also affected ShibDoge and it has emerged out to be unsuccessful from it.
Ethereum Whales seeks to expand their holdings in the meme coin with ShibDoge contributing 11.62% in their holdings at a dollar value of $376,780,896, at the time of writing.With that percentage, Shiba Inu holds the position of the fourth-largest holding behind Shiba Inu.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
