Home News Supersize McShib: Shiba Inu the largest ERC-20 holding among ETH whales

Supersize McShib: Shiba Inu the largest ERC-20 holding among ETH whales


According to new statistics, among the top 1,000 Ethereum (ETH) whales, Shiba Inu (SHIB) has the greatest ERC-20 token ownership.

Significantly, SHIB represents 21.68% of the total market share at $2.35 billion, according to statistics provided by WhaleStats looking at the Ethereum-based token holdings of the top ETH wallets. Crypto.com’s native token CRO, with the value of a holding of $603.9 million, is the third most valuable asset in terms of holdings.

With a total market worth of $26.9 billion, SHIB is presently the tenth most valuable crypto asset, according to Coingecko, implying that ETH whales own around 9% of all SHIB in circulation.

Relatively, the SHIB community has been on a campaign to convince crypto trading companies like Coinbase and Robinhood to add the asset to their systems. Furthermore, at the time of writing, the Change.org petition to persuade them had over 530,000 signatures. Late in September, SHIB was listed on Coinbase Pro.

On the other hand, fast-food behemoth McDonald’s responded to a tweet from “ShibArmy1365” asking the company to take “SHIB for payment, please”.

“We appreciate hearing your interest and are always evaluating the payments experience”, McDonald’s said in a statement.

Despite the fact that it was the type of non-committal boilerplate brush-off that corporate PR accounts are known for, the SHIB community went into overdrive, with the post collecting over 500 retweets, 1,400 likes, and a slew of memes.

“An appropriate answer to heighten the anticipation. However, I’m really looking forward to the future!”. “Let’s Call it a McShib!” added “ISHIB!” to Shib Social’s response.

McDonald’s reaction is still obaque

While it is unknown how McDonald’s will proceed, SHIB adoption has accelerated this month across the board. Coingate, a cryptocurrency payment processor, said on November 11 that it has enabled SHIB support for 500 of its merchants. Moreover, on Nov. 17, the popular dog meme coin was introduced to ZenGo’s platform, which is supported by Samsung.

Shib is unflappable

In fact, SHIB has suffered a little knock of 4.1% to $0.00004854 at the time of publishing. As a result of a recent dip in the crypto market that began around Nov. 11. SHIB, on the other hand, has dropped 43.6% since hitting an all-time high of $0.00008616 on Oct. 28.

The asset’s popularity hasn’t decreased despite the price’s decline, with the official SHIB Twitter account exceeding 2 million followers yesterday.

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