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Shiba Inu (SHIB) Leads Ethereum Wallet Holdings Amid Price Drop

Shiba Inu, the 13th largest cryptocurrency by market cap again is sitting on top token position. Of course, this is by dollar value among the top 1000 Ethereum (ETH) wallets.
More so, The meme currency declines to the third position due to the recent price crash in the market. But, the rise of SHIB token holding among Ethereum wallets shows a growing whale accumulation.

Notably, Shiba Inu hit a new all-time high of $0.0000894 in October. Thereby, overtaking Dogecoin (DOGE) in market cap.

But, November and December floods the crypto street with red paint. Of course, as the bearish season looms despite listings adoption in the retail market.

More so, in the past couple of months, Shiba Inu secures a Kraken exchange listing, responsible for the altcoin spiking by 33%.

Of course, rising to a new monthly high of $0.000050. However, Shiba Inu losses most of the 30% gains during the market crash in the first week of December. Additionally, Shiba Inu also gets BitPay listing for retail payment, however with poor price impact.

Currently, Shiba Inu is trading at $0.00003134 recording around 3% decline over the last 24-hours.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.