• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Breaking: CoWSwap Loses $150,000 In Exploit
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Breaking: CoWSwap Loses $150,000 In Exploit
Shibarium

Shiba Inu: Biggest Dollar Holding Among Wealthiest Ethereum Whales

Christian Encila by Christian Encila
9 months ago
in Cryptocurrency news, SHIB, Shiba Inu
Reading Time: 3 mins read
Advertisement

Shiba Inu (SHIB) currently has the largest dollar holding compared to the rest of 100 ETH whales.

In fact, CoinMarketCap has SHIB on their top 20 coins in the market cap category. Although SHIB seems to be gaining traction, this was quite the opposite a few days ago. Shiba Inu has suffered a major dip at only 216,260 transactions even though it has been listed by (HOOD) or Robinhood Markets Inc.

The total burn rate so far is at 31.71% or coming from the initial burned supply of 410,339,763,887,291 from SHIB’s total supply of 889.660.236, 112,708.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Suggested Reading | Bitcoin Carnage Continues As BTC Disintegrates To $34K

SHIB At No. 11

To everyone’s amazement, SHIB has also made it to CoinMarketCap’s coveted list at the 11th position. Basically SHIB is next to SOL which is currently in the 10th level and ahead of the APE on the 12th position.

Over the last 24 hours, Shiba Inu had a major price drop of 5.17% and a drop of 24.07% in the course of 30 days.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The current price of SHIB is now at $0.00001891 or roughly around 0.000000000545 BTC. More so, SHIB has a trading volume of $533,696,977 in a span of 24 hours. SHIB also has a current market cap of $10,385,504,641.

SHIB total market cap at $8.22 billion on the daily chart | Source: TradingView.com

Crypto Market Stronger Than Stock Market

The stock market is going strong but when you compare it to the crypto market, the gains of stocks would be minimal compared to the crypto space. Crypto has been going strong ever since the pandemic; going to as high as $1.6 trillion or a jump of 1,100%.

It’s not just the kings of crypto Bitcoin and Ethereum that are driving the crypto market value up but also Shiba Inu (SHIB) which have been attracting new investors into the crypto space. The meme coin SHIB were on fire especially in 2021.

Suggested Reading | APE Takes A Beating As It Sheds 50% Of Its Price

2021: SHIB’s Strongest Year

SHIB has an intra-year gain at a roaring 121,000%. The token can only be purchased for $0.000000000073 on January 1, 2021, and after 10 months, it climbed to a whopping $0.00008841. So, basically, if you invested $1 on January 1, 2021, you would have been a millionaire by October 27.

Shiba Inu is definitely an investable asset as we are witnessing it today. A yearly of 46,000,000% is just amazing, to begin with, and can lure in new investors. 

Shiba Inu did not make it alone. Yes, the token had some help, especially from the market dynamics of crypto like derivatives and options or short-selling. More so, the token is popular on social media because Tesla CEO Elon Musk openly supports the token – and it has been a win-win setup for both.

Featured image from Pixabay, chart from TradingView.com
Tags: elon muskethereumSHIBShiba Inuwhales
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Freelance writing is Christian's other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

This Bitcoin On-Chain Metric Is At A Historical Resistance, Will BTC Decline?

This Bitcoin On-Chain Metric Is At A Historical Resistance, Will BTC Decline?

21 mins ago
Ripple XRP

XRP Price Still Looks Bearish, But This Ripple Visa Rumor Might Change It

2 hours ago
Shiba Inu Takes 3% Hit, Gets Flipped By Polkadot In Market Cap

Shiba Inu Takes 3% Hit, Gets Flipped By Polkadot In Market Cap

2 hours ago
Cardano DeFi

Cardano DeFi TVL Rises More Than 100% In One Month

3 hours ago
AI Crypto

AI Crypto Fetch.ai Shoots Up 250%, Catches More Investors’ Attention

6 hours ago
AI Vitalik Buterin Blockchain Ethereum Privacy

AI Token AGIX Surges Over 700% In 2023, Here’s Why

14 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

ALTCOIN DAILY TO PRODUCE AND STAR IN NEW “SHARK TANK OF CRYPTO” TV SHOW, KILLER WHALES

February 7, 2023

SinVerse Studios Announces $1 Million Buyback Program for the SIN token

February 7, 2023

Join the Revolution: Invest in STARSTAKING for 25% APY and the Chance to Win Big with the DeFi Lottery Program

February 7, 2023

The Top Gaming Crypto Coins To Buy In February 2023

February 7, 2023

Rich Dad, Poor Dad Author Invests In Crypto. Here’s Why He’d Consider Snowfall Protocol (SNW) and Decentraland (MANA), In Addition to Bitcoin (BTC)

February 7, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.