The current meltdown in the crypto sector has not dampened the enthusiasm of crypto whales. Crypto whales have been hoarding Shiba Inu (SHIB), ShibDoge, and Dogecoin (DOGE) amid recent developments by these meme coins. We have seen the whales collect the above meme coins but of late they have added one more meme coins as their favorites. It is the diminutive ShibDoge, the second-largest holding among whales. For a brief period it even upset Shiba Inu to become the top holding token by dollar value.
Shiba Inu (SHIB) Hot Favorite Among Whales
SHIB is the hot favorite for whales especially after the announcement of the Shibarium update in June end. The announcement of the second SHI stablecoin and TREAT reward token by SHIB’s lead developer Shytoshi Kusama also helped to increase the interest among whales for Shiba Inu.
However as per WhaleStats data ShibDoge has unsettled Shiba Inu (SHIB) and has bagged the title of the biggest holding by dollars among the top 100 ETH whales.
Shiba Inu still with a total of $568.82 million tokens continue to occupy the numero uno holding among the top ETH whales. It is followed by ShibDoge with a total of $433.23 million worth of tokens held by the top 100 ETH whales. The ShibDoge’s burn and NFT exposure must have endeared it to the whales.
When reports last came in SHIB values had surged nearly 5% in the last 24 hours. It is trading strongly at $0.000010 on the back of increased trading volumes. However ShibDoge’s price surged by an astonishing 23% in the last 24 hours due to whale buying.
Dogecoin is also seen huge purchases by the BSC whales. The latest surge was provoked by Elon Musk’s continued support for Dogecoin that made prices jump 40% in a week. On June 4, BNB whale “Martian Manhunter” purchased 18,800,433 DOGE tokens.