Shiba Inu Coin News: Shiba Inu (SHIB), the world’s second largest meme crypto recorded a nice surge over the past week. However, troubling news has landed for the SHIB Army as the top 100 Ethereum Whales have dumped the Shiba Inu token from their tally for a metaverse token.
Whales dumping Shiba Inu Coin?
According to WhaleStats, Shiba Inu is now not the biggest holding among the top 100 largest Ethereum whales. In fact, whales have dumped the complete SHIB holding. As per the data, Decentraland (MANA) is now the biggest token held by the ETH whales.
Earlier, Coingape reported that the top Ethereum whales are holding more than $76.5 million worth of Shiba Inu coin. The whale tracker on November 29 reported that the top 100 ETH whales were holdings over $68 million worth of Shiba Inu.
However, whales are now holding $1.05 million worth of MANA tokens. It is estimated to be 35% of the total holding.
On the market side, Shiba Inu prices are up by over 9% in the last 7 days. SHIB is trading at an average price of $0.000010, at the press time. Its 24 hour trading volume is up by 73% to stand at $194.6 million.
On the other hand, Decentraland has jumped by 5% over the past 24 hours. MANA is trading at an average price of $0.423, at the press time. Its 24 hour trading volume is up by 65% to stand at $79.2 million.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.