Shiba Inu Emerges As Top Choice For Ethereum Whales, Despite Majority Of SHIB Investors Facing Losses
Portfolio Pulse from Mehab Qureshi
Shiba Inu (SHIB) is the largest non-stablecoin token holding among the top 100 Ethereum (ETH) whales, despite the majority of SHIB investors currently facing losses. Only stablecoins USD Coin (USDC) and Tether (USDT) surpass SHIB in terms of whale investments. Data reveals that only 13% of SHIB holders are in profit, while 81% are in a loss.
July 28, 2023 | 11:57 am
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NEUTRAL IMPACT
Ethereum whales are heavily invested in Shiba Inu, indicating a potential impact on Ethereum's market dynamics.
The news indicates that Ethereum whales, who hold significant influence over the market, are heavily invested in Shiba Inu. This could potentially impact Ethereum's market dynamics, although the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
USD Coin is one of the top choices for Ethereum whales, surpassing Shiba Inu in terms of investments.
The news indicates that USD Coin is a preferred choice for Ethereum whales, which could potentially impact its market dynamics. However, the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Tether is one of the top choices for Ethereum whales, surpassing Shiba Inu in terms of investments.
The news indicates that Tether is a preferred choice for Ethereum whales, which could potentially impact its market dynamics. However, the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Despite being a top choice for Ethereum whales, the majority of Shiba Inu investors are facing losses.
The news reveals that the majority of Shiba Inu investors are currently facing losses, which could potentially lead to a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100