{"id":508838,"date":"2022-11-16T14:48:27","date_gmt":"2022-11-16T14:48:27","guid":{"rendered":"https:\/\/wncen.com\/?p=508838"},"modified":"2022-11-16T14:48:27","modified_gmt":"2022-11-16T14:48:27","slug":"shiba-inu-shib-ranks-no-1-in-top-5000-eth-whales-crypto-holdings","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-shib-ranks-no-1-in-top-5000-eth-whales-crypto-holdings\/","title":{"rendered":"Shiba Inu (SHIB) Ranks No. 1 In Top 5,000 ETH Whales&#8217; Crypto Holdings"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu (SHIB), the dog-themed crypto that once dreamed of flipping Dogecoin, is not in solid footing these days as it continues to fail in finding the right rhythm to bounce back and push its price to higher levels.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to latest data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, at the time of this writing, the meme altcoin is trading at $0.00000931. Although it managed to climb by 1.5% over the last 24 hours, the asset is still down by 8.5% during the past seven days and by 27.7% over the last two weeks.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Shiba Inu lost almost 28% of its value over the last week<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Within the next five days, SHIB is expected to trade at $0.00000902<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">SHIB EMA suggests it will once again be caught in a bearish momentum<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">By virtue of its $5.48 billion overall valuation, SHIB managed to climb one step up the ladder, claiming the 13<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> place in Coingecko ranking of cryptocurrencies according to market capitalization.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This, however, did not happen because Shiba Inu was in a decisive bullish rally, but because the broader crypto market continues to struggle following the <\/span><a href=\"https:\/\/www.nytimes.com\/2022\/11\/14\/technology\/ftx-sam-bankman-fried-crypto-bankruptcy.html\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">collapse<\/span><\/a><span style=\"font-weight: 400\"> of one of the world\u2019s largest and leading exchange platforms, FTX.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">? The top 5000 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ETH<\/a> whales are hodling<\/p>\n<p>$75,289,824 <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a><br \/>\n$58,694,355 <a href=\"https:\/\/twitter.com\/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$MKR<\/a><br \/>\n$50,253,460 <a href=\"https:\/\/twitter.com\/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$UNI<\/a><br \/>\n$43,593,452 <a href=\"https:\/\/twitter.com\/search?q=%24LOCUS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LOCUS<\/a><br \/>\n$39,330,252 <a href=\"https:\/\/twitter.com\/search?q=%24BIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BIT<\/a><br \/>\n$33,105,058 <a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BEST<\/a><br \/>\n$31,725,680 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a><br \/>\n$29,067,831 <a href=\"https:\/\/twitter.com\/search?q=%24CHZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$CHZ<\/a><\/p>\n<p>Whale leaderboard ?<a href=\"https:\/\/t.co\/kOhHps8XBB\" rel=\"nofollow\">https:\/\/t.co\/kOhHps8XBB<\/a> <a href=\"https:\/\/t.co\/ENrYvc3bUt\" rel=\"nofollow\">pic.twitter.com\/ENrYvc3bUt<\/a><\/p>\n<p>\u2014 WhaleStats (tracking crypto whales) (@WhaleStats) <a href=\"https:\/\/twitter.com\/WhaleStats\/status\/90208256?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 15, 2022<\/a><\/p><\/blockquote>\n<h2><b>ETH Whales Continue To Hold SHIB In High Regard?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to data shared by crypto whale tracker WhaleStats on Twitter, SHIB was the top altcoin being <\/span><a href=\"https:\/\/twitter.com\/WhaleStats\/status\/90208256?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E90208256%7Ctwgr%5E075497bfc5e7494efcd6cdbaf29012cc6a22d236%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fambcrypto.com%2Fshiba-inu-ethereum-whal\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">held by the top 5,000 Ethereum whales<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Collectively and currently, these major investors are in possession of $75,289,824 worth of Shiba Inu tokens. MakerDAO (MKR) was second on the list, accounting a total value of almost $58.7 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Uniswap (UNI) also made the list, occupying the thi<\/span><span style=\"font-weight: 400\">rd<\/span><span style=\"font-weight: 400\"> slot as the ETH whales are hodling $50.25 million worth of the digital asset. Rounding up the top five are Locus Chain (LOCUS) ($43.59 million) and BitDAO (BIT) ($39.33 million).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, also included in the list of top altcoins being held by the top 5,000 Ethereum whales are Bitpanda Ecosystem (BEST) ($33.10 million), Chainlink (LINK) ($31.72 million) and Chiliz (CHZ) ($29.06 million).<\/span><\/p>\n<p><span style=\"font-weight: 400\">If it\u2019s any indication, this data proves that these seasoned investors known in crypto space as \u201cwhales\u201d have not lost their faith in Shiba Inu, accumulating large quantity of it and <\/span><span style=\"font-weight: 400\">holding onto it<\/span><span style=\"font-weight: 400\"> until the time comes when they can make considerable profit from it.<\/span><\/p>\n<h2><b>Shiba Inu Headed Towards Another Decline<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Considering its current situation, SHIB may not be in a good position to reward these Ethereum whales anytime soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the asset\u2019s 20-day Exponential Moving Average (EMA) that has settled below its 50-day EMA, it is most likely that Shiba Inu will once again experience price dump over the next few days.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana-loses-60-of-its-market-value\/\" target=\"_blank\" rel=\"noopener \">Solana Loses 60% Of Its Value After FTX Collapse \u2013 Can SOL Bounce Back This Week?<\/a><\/div>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-508839 size-jnews-750x375 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/11\/c1-2.png?resize=750%2C375\" alt=\"\" width=\"750\" height=\"375\"><span style=\"font-weight: 400\">Source: TradingView<\/span><\/pre>\n<p><span style=\"font-weight: 400\">This sentiment is re-echoed by the <\/span><a href=\"https:\/\/coincodex.com\/crypto\/shiba-inu\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">forecasts of Coincodex<\/span><\/a><span style=\"font-weight: 400\"> which suggest that within the next five days, the altcoin will trade at $0.00000902 while a month from now, a sharper price decline will be experienced by the asset which will pull it all the way down to $0.00000639.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A consolation, at the very least, for the meme crypto, is that its 200-day EMA suggest that on a long-term, there will be relief as bears are not seen to be in control all year long.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/avalanche-looks-to-capitalize-on-gamefi-segment-will-this-give-avax-some-boost\/\" target=\"_blank\" rel=\"noopener \">Avalanche Looks To Capitalize On GameFi Segment \u2013 Will This Give AVAX Some Boost?<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/JRs6gyaG\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">SHIB total market cap at $4.96 billion on the daily chart | Featured image from Watcher Guru, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB), the dog-themed crypto that once dreamed of flipping Dogecoin, is not in solid footing these days as it continues to fail in finding the right rhythm to bounce back and push its price to higher levels. According to latest data from Coingecko, at the time of this writing, the meme altcoin is trading at $0.00000931. Although it managed to climb by 1.5% over the last 24 hours, the asset is still down by 8.5% during the past seven days and by 27.7% over the last two weeks. Shiba Inu lost almost 28% of its value over the last week Within the next five days, SHIB is expected to trade at $0.00000902 SHIB EMA suggests it will once again be caught in a bearish momentum By virtue of its $5.48 billion overall valuation, SHIB managed to climb one step up the ladder, claiming the 13th place in Coingecko ranking of cryptocurrencies according to market capitalization. This, however, did not happen because Shiba Inu was in a decisive bullish rally, but because the broader crypto market continues to struggle following the collapse of one of the world\u2019s largest and leading exchange platforms, FTX. ? The top 5000 #ETH whales are hodling $75,289,824 $SHIB $58,694,355 $MKR $50,253,460 $UNI $43,593,452 $LOCUS $39,330,252 $BIT $33,105,058 $BEST $31,725,680 $LINK $29,067,831 $CHZ Whale leaderboard ?https:\/\/t.co\/kOhHps8XBB pic.twitter.com\/ENrYvc3bUt \u2014 WhaleStats (tracking crypto whales) (@WhaleStats) November 15, 2022 ETH Whales Continue To Hold SHIB In High Regard? According to data shared by crypto whale tracker WhaleStats on Twitter, SHIB was the top altcoin being held by the top 5,000 Ethereum whales. Collectively and currently, these major investors are in possession of $75,289,824 worth of Shiba Inu tokens. MakerDAO (MKR) was second on the list, accounting a total value of almost $58.7 million. Uniswap (UNI) also made the list, occupying the third slot as the ETH whales are hodling $50.25 million worth of the digital asset. Rounding up the top five are Locus Chain (LOCUS) ($43.59 million) and BitDAO (BIT) ($39.33 million). Meanwhile, also included in the list of top altcoins being held by the top 5,000 Ethereum whales are Bitpanda Ecosystem (BEST) ($33.10 million), Chainlink (LINK) ($31.72 million) and Chiliz (CHZ) ($29.06 million). If it\u2019s any indication, this data proves that these seasoned investors known in crypto space as \u201cwhales\u201d have not lost their faith in Shiba Inu, accumulating large quantity of it and holding onto it until the time comes when they can make considerable profit from it. Shiba Inu Headed Towards Another Decline Considering its current situation, SHIB may not be in a good position to reward these Ethereum whales anytime soon. According to the asset\u2019s 20-day Exponential Moving Average (EMA) that has settled below its 50-day EMA, it is most likely that Shiba Inu will once again experience price dump over the next few days. Related Reading: Solana Loses 60% Of Its Value After FTX Collapse \u2013 Can SOL Bounce Back This Week? Source: TradingView This sentiment is re-echoed by the forecasts of Coincodex which suggest that within the next five days, the altcoin will trade at $0.00000902 while a month from now, a sharper price decline will be experienced by the asset which will pull it all the way down to $0.00000639. A consolation, at the very least, for the meme crypto, is that its 200-day EMA suggest that on a long-term, there will be relief as bears are not seen to be in control all year long. Related Reading: Avalanche Looks To Capitalize On GameFi Segment \u2013 Will This Give AVAX Some Boost? SHIB total market cap at $4.96 billion on the daily chart | Featured image from Watcher Guru, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":508841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,1946,9614,87390,87193,83668,83667,4728,14781],"class_list":["post-508838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-ethereum","tag-hodling","tag-holder","tag-meme-crypto","tag-shib","tag-shiba-inu","tag-token","tag-whales"],"acf":[],"yoast_head":"\n<title>Shiba Inu Ranks No. 1 In Top 5,000 ETH Whales&#039; Crypto Holdings<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) is not in a good space right now as the popular meme coin continues to fail in finding the right rhythm to bounce back.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/shiba-inu-shib-ranks-no-1-in-top-5000-eth-whales-crypto-holdings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Ranks No. 1 In Top 5,000 ETH Whales&#039; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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