While Shiba Inu’s market performance leaves much to be desired, background on-chain and market data suggest that large investors are still interested in purchasing some tokens for their portfolios, according to Whalestats.
The service tracks the holdings of the 1,000 largest Ethereum addresses holding Erc-20 tokens. Previously, U.Today reported that Shiba Inu regained its place among the most popular holdings in large wallets. Now, whales have decided to increase their position in the meme-based tokens.
Total holdings of all tokens have been redistributed, and Shiba Inu has gained additional dominance compared to previous periods. Now, 21% of the biggest wallets hold Shiba Inu, compared to 17% yesterday.