As $SHIB lost its place as the biggest USD holding, whales might push it back up quite soon
According to the whale tracker, the biggest USD holding among Ethereum whales is no longer after the SHIB token. The new leader, FTX token, was always breathing down the back of the memetoken and overtook it as the purchasing power of Shiba Inu decreased.
At press time, $1.14 billion worth of FTX is being held by the 100 biggest ETH whales on the market, while Shiba Inu is lagging behind with $1.12 billion. But despite losing the title of the biggest USD-valued holding, may quickly bounce back in its place in case of a price increase or additional buying power from whales.According to TradingView, the price of the token tumbled by almost 11% in recent days, which may be the main reason behind the drop in USD value as no major selling activity was noticed on the market.
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