, representing 16.87% of the total value held by these investors. As a result, SHIB has become the third most significant asset held by the top Ethereum investors, following only ETH and stablecoin USDT.
However, this was no deterrent to the rise of the meme altcoin, which traded positively on Jan. 17, and whale purchases may be encouraging this rise. Thus, it is important to understand what is behind this rally.is one of the most anticipated updates for the Shiba Inu community and may be one of the catalysts for the buildup of whales. The new feature is Layer 2, which will mark the evolution of the SHIB ecosystem.
In addition, with Shibarium, Shiba Inu can expand its presence in the sector of non-fungible tokens , metaverse and other Web3-related innovations. As a result, Shiba Inu may become even more attractive to investors still entering the cryptocurrency market. A higher token burn and greater accumulation of whales are expected.
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