{"id":27706,"date":"2022-11-17T12:07:33","date_gmt":"2022-11-17T06:37:33","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=27706"},"modified":"2022-11-17T12:07:33","modified_gmt":"2022-11-17T06:37:33","slug":"shiba-inu-is-the-beloved-of-eth-whales","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/shiba-inu-is-the-beloved-of-eth-whales\/","title":{"rendered":"Shiba Inu is the beloved of ETH whales"},"content":{"rendered":"<p>Shiba Inu holders have something to cheer about despite the coin experiencing a 5.57% weekly drop in its price action. As of 15 November 2022, Shiba Inu was holding the top rank in terms of assets managed by the top 5000 Ether whales, according to data from Whalestats.<\/p>\n<p>The data shows that ETH whales, who have been holding onto some large deposits of Ether, are optimistic about SHIB\u2019s prospects as a crypto asset. WhaleStats\u2019s Twitter handle released the information, with MKR and UNI ranked the second and third favorites with ETH whales.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 The top 5000 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#ETH<\/a> whales are hodling<\/p>\n<p>$75,289,824 <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$SHIB<\/a><br \/>$58,694,355 <a href=\"https:\/\/twitter.com\/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$MKR<\/a><br \/>$50,253,460 <a href=\"https:\/\/twitter.com\/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$UNI<\/a><br \/>$43,593,452 <a href=\"https:\/\/twitter.com\/search?q=%24LOCUS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$LOCUS<\/a><br \/>$39,330,252 <a href=\"https:\/\/twitter.com\/search?q=%24BIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BIT<\/a><br \/>$33,105,058 <a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BEST<\/a><br \/>$31,725,680 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$LINK<\/a><br \/>$29,067,831 <a href=\"https:\/\/twitter.com\/search?q=%24CHZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$CHZ<\/a><\/p>\n<p>Whale leaderboard \ud83d\udc47<a href=\"https:\/\/t.co\/kOhHps8XBB\">https:\/\/t.co\/kOhHps8XBB<\/a> <a href=\"https:\/\/t.co\/ENrYvc3bUt\">pic.twitter.com\/ENrYvc3bUt<\/a><\/p>\n<p>&mdash; WhaleStats (tracking crypto whales) (@WhaleStats) <a href=\"https:\/\/twitter.com\/WhaleStats\/status\/1592389890490208256?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The presence of MakerDAO and UniSwap tokens is not surprising as they are some of the more popular DeFi protocols around.<\/p>\n<h2>Shiba Inu\u2019s price action<\/h2>\n<p>Yet, the title of ETH whale favorite hasn\u2019t done a lot for Shiba Inu\u2019s price action. If you look at the daily chart closely, you will notice that the prices are currently trading between $0.00001027 and $0.00000855, with the first level acting as a resistance and the other as support.<\/p>\n<p>To have any chance at moving higher from the existing levels, SHIB would first need to breach the $0.00001027 level. Currently, SHIB is trading at 0.00000912, which is in fact closer to the support. For the onshore traders, the Shiba Inu price in India is currently at \u20b90.000829, which is at a 1.63% deficit compared to yesterday\u2019s price.<\/p>\n<p>Coming to the price chart, we might see some more correction in the short term as the EMA lines (Exponential Moving Average) are forming a death-crossover pattern of sorts. The red line, which is synonymous with the 20-EMA, is crossing under the 50-EMA line (orange line). A short-term correction often follows this sort of pattern, also known as the death crossover.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-27707 size-large\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-11.11.20-AM-1024x502.png\" alt=\"Shiba Inu price action\" width=\"800\" height=\"392\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-11.11.20-AM-1024x502.png 1024w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-11.11.20-AM-300x147.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-11.11.20-AM-768x376.png 768w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-11.11.20-AM-1536x753.png 1536w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-11.11.20-AM-2048x1004.png 2048w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center\"><strong>Shiba Inu price action: Tradingview<\/strong><\/p>\n<p>However, ETH whales holding SHIB as their favorite means you might want to look at the big picture. The list shared by WhaleStats also throws the spotlight on Chiliz (CHZ) and Chainlink (LINK) as they have also made it to the list of top 5000 whale holdings, showing their love for data oracles and fan tokens that come with voting rights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu holders have something to cheer about despite the coin experiencing a 5.57% weekly drop in its price action. As of 15 November 2022, Shiba Inu was holding the top rank in terms of assets managed by the top 5000 Ether whales, according to data from Whalestats. The data shows that ETH whales, who [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":27709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-27706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-11-13T20:17:51+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Ananda Banerjee\",\"description\":\"Ananda Banerjee is a creative copywriter at heart, a technical writer by profession, and a multifarious Web 3.0 creator in his leisure time. 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