Shiba Inu the largest ERC-20 holding among ETH whales

According to new statistics, Shiba Inu (SHIB) is the most popular ERC-20 token among the top 1,000 Ethereum (ETH) whales.

SHIB accounts for 21.68 percent of the aggregate market share of $2.35 billion, according to statistics provided by WhaleStats based on the Ethereum-based token holdings of the top ETH wallets. The second most valuable asset in terms of ownership is Crypto.com’s native token CRO, which accounts for 5.54 percent of the market capitalization at $603.9 million.

With a total market worth of $26.9 billion, SHIB is presently the tenth most valuable crypto asset, implying that ETH whales own nearly 9% of all SHIB in circulation.

The SHIB community has been working hard to convince crypto trading platforms to offer the asset. At the time of writing, the Change.org petition to persuade them had collected over 530,000 signatures. 

Fast-food behemoth McDonald’s responded to a tweet from “ShibArmy1365” asking the company to take “SHIB for payment, please” with a rather cold response to the concept of taking SHIB for payments.

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“We appreciate hearing your interest and regularly assess the payments experience,” McDonald’s responded.

Despite the fact that it was the type of noncommittal boilerplate brush-off corporate PR accounts are known for, the SHIB community went into overdrive, with the post collecting over 500 retweets, 1,400 likes, and a slew of memes.

“An appropriate answer to heighten the excitement. “I’m looking forward to the future!” “Let’s Call it a McShib!” said “ISHIB!” in response to Shib Social.

While it’s unclear how McDonald’s will proceed, SHIB adoption has increased significantly this month across the board. Coingate, a cryptocurrency payments company, said on November 11 that it had enabled SHIB support for 500 of its merchants. On Nov. 17, the Samsung-backed digital wallet ZenGo added the popular dog meme coin to its platform.

SHIB has suffered a little knock of 4.1 percent during the recent crypto market decline, which began around November 11 and is currently trading at $0.00004854. SHIB, on the other hand, is down 43.6 percent since hitting an all-time high of $0.00008616 on Oct. 28.

The asset’s popularity hasn’t decreased despite the price’s downward trajectory, with the official SHIB Twitter account hitting 2 million followers yesterday.