The unintentional collapse of the cryptocurrency market caused a lot of tension among crypto whales, forcing them to take refuge in meme coins.
In a shocking turn of events, whales are acquiring Shiba Inu (SHIB), Shibdoge and Dogecoin (DOGE), despite the recent development of these meme coins.
The Shiba Inu (SHIB), the second largest holding among whales, was briefly overtaken by the Shibdoge in terms of dollar value today.
Since the publication of the shibarium upgrade in late June, there has been an increase in Shiba Inu accumulation among whales.
The introduction of the SHI stablecoin and the Treat incentive token from Shiba Inu’s leading creator Shiotoshi Kusama this month has been able to maintain the hoarding trend.
However, as reported by WhaleStats today, Shibdoge has surpassed the Shiba Inu (SHIB) to hold the top spot among the top 100 ETH whales in terms of holdings measured in dollars. After a few hours, SHIB was able to reclaim the top spot among the largest Ethereum (ETH) whale wallets.
Shiba-inu is now a ‘woo’Hell’ Favorite
Among the top ETH whales, Shiba Inu currently holds the largest ownership, holding $568.82 million in tokens. ShibDoge ranks next, with the top 100 ETH whales holding a total of $433.23 million in tokens. Despite being a little meme coin, whales may be interested in Shibdoge because of its burning and NFT exposure.
In addition, BSC Whale recently made a significant purchase of Dogecoin (DOGE). Elon Musk reiterated his support for Dogecoin, which has led to a 40% increase in price in a week, triggering the rally. The BNB whale “Martian Manhunter” bought 18,800,433 DOGE tokens on June 4.
MATIC is also making it Way
Since the month of July began, whales have been interested in Polygon’s MATIC. Sandbox’s land deployment on Polygon, a collaboration with phone maker Nothing for Web3, and the introduction by Reddit and Polygon of the NFT-based avatar marketplace have all been put in the news.
MATIC price is currently trading at $0.55, up 6% from the previous day and 21% from the previous week. Other popular tokens this month are Uniswap (UNI), AAVE, and FTX Token (FTT).
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