Is total collapse imminent?

According to leading wallet tracker WhaleStats, the top 100 whales on the Ethereum chain no longer favor the SHIB meme coin as they removed it from their top 10 list over the weekend.

Whales throw their SHIBs, but there’s a catch.

WhaleStats reported that over the weekend, the second most popular meme currency by market capitalization, the Shiba Inu, disappeared from the list of top 10 assets held by these whales.

The chart below also shows that the whales have turned to other altcoins such as MANA and stETH. These two currencies are the most important and first in the list of top 10 assets at the moment.

They are followed by ANT, ENJ, UTK, CVC, TKN, DAWN and SNT. Beyond this top 10 list, like at least top 20, SHIB can’t be found either.

However, the richest list on the same platform shows that the largest Ethereum investors still hold SHIB. The largest wallet on this list now holds a pretty impressive amount of this token – 18,113,302,000,496 worth $178,053,759. Other whales own $100 million in this coin or less, but they still own it.

The top 10 wallets listed by the address we mentioned above each contain $98-100 million SHIB. This is equivalent to 10,000,000,000,008 memcoins.

The total number of SHIB holders, according to WhaleStats, now stands at 1,255,976.

SHIB rose 6% today

Earlier today, Shiba Inu token showed a 5.94% gain as the stock jumped from $0.00000935 to $0.00000990 after SHIB printed a long green light followed by a smaller one.

In total, this is a significant increase in the price of the coin since November 22nd (when it traded at $0.00000821) when SHIB increased, adding about 20% to the price.

Over the past seven days, the asset has seen an increase of 8.38%. Still, the current price of SHIB on the charts is 88.91% below the all-time high reached by the meme currency at the end of October last year.

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