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ETH$4 329.98

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BNB$609.13

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Shiba Inu the largest ERC-20 holding among ETH whales


18 Nov 2021

#SHIBA INU

According to data from WhaleStats, the 1,000 largest ETH wallets hold $2.35 billion worth of SHIB combined, representing around 9% of the total market cap. New data suggests that Shiba Inu (SHIB) is the largest ERC-20 token holding amongst the top 1,000 Ethereum (ETH) whales. According to data compiled by WhaleStats looking at the Ethereum-based token holdings of the largest ETH wallets, SHIB represents 21.68% of the combined market share at $2.35 billion. The next highest asset in terms of holdings is Crypto.com’s native token CRO, representing 5.54% at $603.9 million.

According to data from Coingecko, SHIB is currently the eleventh highest-ranked crypto asset in terms of total market cap with $26.9 billion, suggesting that the ETH whales hold roughly 9% of all SHIB in circulation.

The fervent SHIB community has been on a mission to push crypto trading platforms such as Coinbase and Robinhood to list the asset. Its Change.org petition aimed at convincing them had received more than 530,000 signatures at the time of writing. Coinbase Pro listed SHIB back in late September. One popular brand that gave the idea of accepting SHIB for payments a decidedly cool reception is fast-food giant McDonald's who replied to a tweet from “ShibArmy1365” calling on the firm to accept “SHIB for payment, please”.

McDonald's wrote that “we appreciate hearing your interest and continuously evaluate the payments experience.”

Despite being the kind of non committal boilerplate brush-off corporate PR accounts tend to make, it didn’t stop the SHIB community from going into overdrive with the post receiving more than 500 retweets,1,400 likes and countless memes to boot.

While it is unclear how McDonald’s will proceed, SHIB adoption has ramped up across the board this month. Crypto payments firm Coingate revealed on Nov. 11 that it opened up SHIB support so that 500 of its merchants can accept SHIB payments. The Samsung-backed digital wallet providers ZenGo also added the beloved dog meme token to its platform on Nov. 17.

“Appropriate response to build the hype. Can’t wait for the future!” Shib Social responded, while “ISHIB” chimed in with “Let’s Call it a McShib!”

Shib stands strong

Amid the recent pullback across the crypto market that began around Nov. 11, SHIB has taken a minimal hit of 4.1% to sit at $0.00004854 at the time of writing. However, after reaching an all-time high of $0.00008616 on Oct. 28, SHIB is down 43.6%. While the price is on a downward trend, the asset’s popularity hasn’t waned, with the official SHIB Twitter account surpassing 2 million followers yesterday.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78.8% 42 $57 317.30 6.05% 0.30% $1 082 493 482 173 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.4% 32 $4 329.98 7.71% 4.10% $513 241 890 424 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 74.4% 53 $609.13 5.53% 7.08% $101 603 589 194 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000821 -0.05% 0.02% $73 181 280 297 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 65 $201.89 8.26% -7.12% $61 384 548 102 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 60 $1.59 7.07% -11.22% $52 994 241 732 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 74.4% 51 $0.977796 7.55% -5.78% $46 111 849 720 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $1.000263 -0.02% 0.06% $38 400 714 618 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 66% 75 $36.34 10.39% -9.36% $35 892 371 416 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.4% 74 $0.205075 3.31% -7.25% $27 132 327 967 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 66.8% 75 $113.04 7.34% -14.94% $25 302 145 754 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62% 77 $0.000040 5.31% -9.51% $21 695 676 622 SHIB 7 days price change
13 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 56% 90 $0.763021 5.29% 12.83% $19 276 211 216 CRO 7 days price change
14 Terra (LUNA) LUNA Terra predictions 64.8% 72 $48.97 15.39% 19.64% $19 240 048 048 LUNA 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 74.4% 46 $56 434.66 5.79% -0.91% $14 304 839 863 WBTC 7 days price change

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