For the longest time, the meme coin Shiba Inu (SHIB) had been an Ethereum whale favorite. This support was driven by the rapid growth of the cryptocurrency that netted some of these whales millions of dollars in profit. However, with the crypto winter, SHIB has suffered one of the worst declines, causing Ethereum whales to move away from the meme coin.
Shiba Inu Falling Out Of Favor
At one point, the Shiba Inu holdings of the top 5,000 largest Ethereum whales had reached as high as $1…
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