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4 months ago

Shiba Inu Flips Uniswap

Shiba Inu has always called itself the Dogecoin killer, but it appears that the token might be killing another cryptocurrency instead. In the past 24 hours, Shiba Inu flipped Uniswap, becoming the most traded token by Ethereum whales. According to data from WhaleStats, the 1000 largest Ethereum wallets are worth an average of just over $143 million, carrying around 40,000 Ethereum, 38 other tokens, and at least 1 NFT. Shiba Inu also ranks third among the tokens held by Ethereum whales. Previously, it was reported that Shiba Inu was held by more than 1 million Ethereum wallets. Additionally, an AMA event held on Tuesday allowed Shiba Inu to announce that it plans to roll out a burn portal and release 99,000 plots of land in its upcoming metaverse. At press time, Shiba Inu was trading at a fraction of a penny, up more than 7% on a decrease in volume and more than a 7% increase in its market cap.