Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
While Shiba Inu's market performance leaves much to be desired, background on-chain and market data suggest that large investors are still interested in purchasing some tokens for their portfolios, according to Whalestats.
The service tracks the holdings of the 1,000 largest Ethereum addresses holding Erc-20 tokens. Previously, U.Today reported that Shiba Inu regained its place among the most popular holdings in large wallets. Now, whales have decided to increase their position in the meme-based tokens.
Arman ShirinyanTotal holdings of all tokens have been redistributed, and Shiba Inu has gained additional dominance compared to previous periods. Now, 21% of the biggest wallets hold Shiba Inu, compared to 17% yesterday.
Shiba Inu remains in the top five most-purchased tokens in a 30-day period with $1.3 million of the average purchase amount and 23.5 billion of the average token quantity.
At press time, Shiba trades with a 6.4% daily loss, previously losing an additional 10% of its value on Nov. 16.
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov