Shiba Inu: Still an ETH Whale Favorite? Here\'s Why (2024 Update)
Is Shiba Inu making a comeback as the top choice for Ethereum whales? Recent data suggests a resounding "yes"! For months, whispers have circulated about SHIB\'s potential, but now, concrete evidence points to a resurgence of interest from these influential investors. Why are ETH whales hoarding Shiba Inu, and what does this mean for the future of the meme coin?
Shiba Inu\'s Whale Watch: On-Chain Data Reveals Strong Holding
On-chain data, specifically from Santiment, paints a clear picture. As of February 7, 2025, Santiment revealed that Shiba Inu (SHIB) boasts the highest level of whale control among leading altcoins. An astounding 61.3% of SHIB\'s total supply is held by the top 10 largest wallets! This concentrated ownership indicates a strong belief in the long-term potential of Shiba Inu by key players in the crypto market.
Price Surge Correlates with Whale Activity
The impact of whale activity is already being felt. 23 de jun. de 2025, as ETH whales are hoarding Shiba Inu tokens, their prices have jumped by almost 15% within a period of 24 hours. This immediate price action demonstrates the power these whales wield and the potential for further upward momentum as they continue to accumulate SHIB.
Why Shiba Inu Attracts Ethereum Whales
Several factors contribute to Shiba Inu\'s renewed appeal:
- Ecosystem Growth: Shiba Inu isn\'t just a meme coin anymore. With the development of Shibarium (its layer-2 scaling solution), TREAT, and BONE, the Shiba Inu Ecosystem is expanding. 22 de ago. de 2025, with over 3.4 active followers on Twitter, the Shiba Inu Ecosystem ($SHIB, $BONE, $TREAT) has finally gained the trust of Ethereum (ETH) whales.
- Increased Utility: Shibarium is designed to reduce transaction fees and increase transaction speed, making SHIB and other Shiba Inu tokens more practical for everyday use.
- WhaleStats Confirmation: Data from WhaleStats has shown that Shiba Inu has returned as a whale favorite. The site which tracks the top 1,000 ethereum wallets by volume of ETH held showed that whales have continued to accumulate and hold Shiba Inu.
- Large Transaction Uptick: 22 de dic. de 2025, Shiba Inu’s interest is already surging, as seen by its recent uptick in large transactions thanks to the favor of Ethereum whales. Onlookers anticipate Shiba Inu’s ascent.
Whale Movement and Shiba Inu\'s Position
While holdings may fluctuate, the overall trend is clear. 15 de jun. de 2025, according to the data available on Whalestats, Ethereum (ETH) whales continue to hold their Shiba Inu positions, although they have moved their assets. This indicates a strategic approach, possibly involving staking, yield farming, or consolidation, rather than a wholesale abandonment of SHIB.
The Future of Shiba Inu and Whale Influence
The continued interest of Ethereum whales is a significant indicator for the future of Shiba Inu. While the crypto market remains volatile, the strong holding power and increasing ecosystem utility suggest that Shiba Inu has the potential for sustained growth. Market analysts and critics have watched closely for the past several weeks. Keep a close eye on whale activity and ecosystem developments to stay informed about the evolving landscape of Shiba Inu.