{"id":568675,"date":"2022-03-15T13:22:34","date_gmt":"2022-03-15T10:22:34","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=568675"},"modified":"2022-03-15T13:22:34","modified_gmt":"2022-03-15T10:22:34","slug":"shiba-inu-shib-is-now-the-3rd-most-held-token-by-whales-on-ethereum","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/shiba-inu-shib-is-now-the-3rd-most-held-token-by-whales-on-ethereum\/","title":{"rendered":"Shiba Inu (SHIB) is Now the 3rd Most Held Token by Whales on Ethereum"},"content":{"rendered":"<p>Quick take:<\/p>\n<ul>\n<li>SHIB is the third most held token on the Ethereum network after ETH and FTT<\/li>\n<li>Shiba Inu is also the 10th most bought token on the Ethereum network in the last 7 days<\/li>\n<li>An ETH whale recently bought $1 million worth of Shiba Inu (SHIB)<\/li>\n<li>Accumulation and holding could be a result of rumors of SHIB becoming legal tender in Turkey<\/li>\n<li>Interest in Shiba Inu (SHIB) comes at a time when Bitcoin and the crypto markets are in a bear market<\/li>\n<\/ul>\n<p>The popular meme-coin of Shiba Inu is exhibiting promising fundamentals as SHIB is now the third most held token on the <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum network<\/a> after ETH and FTT. In addition, Shiba Inu (SHIB) has emerged as the tenth most purchased token on the Ethereum network in the last week.<\/p>\n<figure id=\"attachment_568677\" aria-describedby=\"caption-attachment-568677\" style=\"width: 716px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Shib-metrics-Mar-15th.jpg\"><img class=\"size-full wp-image-568677\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Shib-metrics-Mar-15th.jpg\" alt=\"\" width=\"716\" height=\"378\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Shib-metrics-Mar-15th.jpg 716w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Shib-metrics-Mar-15th-300x158.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Shib-metrics-Mar-15th-500x264.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Shib-metrics-Mar-15th-269x142.jpg 269w\" sizes=\"(max-width: 716px) 100vw, 716px\" title=\"\"><\/a><figcaption id=\"caption-attachment-568677\" class=\"wp-caption-text\">SHIB, is the 3rd most held token and 10th most purchased on Ethereum. Source, WhaleStats.com<\/figcaption><\/figure>\n<p>Early yesterday, a whale on the Ethereum network purchased $1 million worth of Shiba Inu (<a href=\"https:\/\/en.ethereumworldnews.com\/shiba-inu-shib-subreddit-of-r-shibarmy-exceeds-200k-subscribers\/\" target=\"_blank\" rel=\"noopener\">SHIB<\/a>). The transaction was captured and shared by the team at WhaleStats via Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 An ETH whale just bought 49,651,432,412 <a href=\"https:\/\/twitter.com\/search?q=%24shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$shib<\/a> ($1,094,317 USD).<\/p>\n<p>Transaction hash: 0xcfe21e38638a1fa3d6565c5b4a8b32818b1c32b553c6b25d227d4129f85673a7<a href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#SHIB<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ShibArmy?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ShibArmy<\/a><\/p>\n<p>&mdash; WhaleStats &#8211; BabyWhale ($BBW) (@WhaleStats) <a href=\"https:\/\/twitter.com\/WhaleStats\/status\/1503237623594340354?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">March 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Such a large transaction hints towards a sense of optimism by whales who continue holding SHIB despite the bearish mood in the crypto markets.<\/p>\n<p>Whale interest surrounding Shiba Inu could have been spurred by rumors of SHIB being acknowledged as legal tender in Turkey, as a means of protecting the country from inflation. The Shiba Inu community in Turkey further acknowledged that <a href=\"https:\/\/en.ethereumworldnews.com\/shiba-inu-discussions-for-adoption-turkey\/\" target=\"_blank\" rel=\"noopener\">they had met<\/a> with the country&#8217;s former Economy Minister Mustafa Elita\u015f, to discuss the idea further.<\/p>\n<p>At the time of writing, no update or clarification has been provided as to whether Shiba Inu (<a href=\"https:\/\/en.ethereumworldnews.com\/shiba-inus-shib-social-sentiment-drops-to-bearish-territory\/\" target=\"_blank\" rel=\"noopener\">SHIB<\/a>) will become legal tender in Turkey. However, the adoption of Shiba Inu in Turkey has grown immensely to the point where even ambulance services <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1503034572933681159\" target=\"_blank\" rel=\"nofollow noopener\">are acceptin<\/a>g SHIB as payment.<\/p>\n<p>With respect to price, SHIB is currently trading at $0.00002141 with $0.000020 acting as support. The meme-coin is in a clear downtrend as it is trading below the 50-day (white), 100-day (yellow) and 200-day (green) moving averages.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30.png\"><img class=\"aligncenter size-large wp-image-568681\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-1024x488.png\" alt=\"\" width=\"1024\" height=\"488\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-1024x488.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-300x143.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-770x367.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-500x238.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-269x128.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30-746x355.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/SHIBUSDT_2022-03-15_13-12-30.png 1069w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<p>In spite of the bearish atmosphere, Shiba Inu&#8217;s daily MFI, MACD and RSI point towards an overbought scenario that could open the doors towards a possible bounce back to the 50-day moving average around the $0.000025 price area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: SHIB is the third most held token on the Ethereum network after ETH and FTT Shiba Inu is also the 10th most bought token on the Ethereum network in the last 7 days An ETH whale recently bought $1 million worth of Shiba Inu (SHIB) Accumulation and holding could be a result of rumors of SHIB becoming legal tender in Turkey Interest in Shiba Inu (SHIB) comes at a time when Bitcoin and the crypto markets are in [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":567367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,823],"tags":[108299,108333,108336],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/568675"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=568675"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/568675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/567367"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=568675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=568675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=568675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}