Although Shiba Inu does not have the most impressive market performance, its fundamental background remains strong.
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Although Shiba Inu’s market performance leaves a lot to be desired, basic chain and market data suggests that large investors are still interested in purchasing certain tokens for their wallets, according to Whale statistics.
The service tracks the holdings of the 1,000 largest Ethereum addresses that hold Erc-20 tokens. Previously, U.Today had reported that Shiba Inu had regained its place among the most popular holdings in large wallets. Now, the Whales have decided to increase their position in the memes based tokens.
The total holdings of all tokens were redistributed and Shiba Inu gained additional dominance over previous periods. Today, 21% of the largest portfolios hold Shiba Inu, up from 17% yesterday.
Shiba Inu remains in the top five of the most purchased tokens over a 30-day period with $ 1.3 million for the average amount purchased and 23.5 billion for the average amount of tokens.
At the time of going to press, Shiba is trading with a daily loss of 6.4%, previously losing an additional 10% of its value on November 16.