In Shiba Inu, which started a very strong uptrend in September and made ATH on October 28, the downs are as hard as the ups. SHIB, which surpassed Dogecoin, which was among the top 10 cryptocurrencies for a period and shown as its rival, dropped to a market value of $ 22 billion.
In the past weeks, Ethereum wallets with Shiba Inu have exceeded 1 million, and it has been seen that whales have added to their wallets in the blockchain data. However, the latest figures show that the “meme token” has lost most of its dominance in the top 1000 (thousand) Ethereum wallets.
It fell from 20 percent to 8 percent!
Currently, while the GameFi trend is seen in the industry, withdrawals are seen in phenomenon coins or tokens. However, despite all these decreases and trend changes, the biggest positions in terms of dollar value are still in SHIB. The total SHIB value is about 2 billion dollars, but it is noteworthy that the 20 percent dominance of the Shiba Inu has decreased to 8 percent.
Sold assets are distributed to other tokens
While experts state that the change in dominance between tokens indicates a trend change, it is seen that the whales distribute the assets they sell to other tokens in the rising trend. The return of the market to game and metaverse-themed tokens causes whales to move their assets to this side.
Among the first 1000 wallets, the most traded token in the last 24 hours was LINK, while the most used stable coin was USDT, as expected.
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