Demand for Shiba Inu Is On The Rise Once Again

According to the news compiled by Investing.com, demand for the popular crypto Shiba Inu is on the rise once again.

According to WhaleStats data, Ethereum investors are most interested in Shiba Inu and FTX tokens. About 25 of the non-Ethereum portfolio of major investors investing in these two popular altcoins after their Ethereum savings consists of FTX and Shiba Inu. Current data shows that there is a serious increase in Shiba Inu savings. For a while, the FTX token was the most held crypto asset by whales, but now Shiba Inu (SHIB) accounts for 14.83 percent of the total savings of Ethereum whales. The said rate is; Equivalent to $1.24 billion SHIB. 12.85 percent of the whale portfolio consists of FTX tokens. Accordingly, the $1.08 billion FTX token accumulation follows the Shiba savings. Shiba Inu, which became one of the most popular crypto assets with the support of Elon Musk last year, continues to stay in the headlines. The Shiba Inu team announced this week the launch of the SHIB burning portal to curb the supply of the crypto asset. In the new burning portal, 17 billion SHIB tokens were burned in a 2-day period. Earlier this month, the highly anticipated Robinhood listing and the establishment of the Shiba Inu Metaverse were noted as other positive developments in the popular crypto-asset community. The Shiba Inu, which fell 5.5 percent on April 26, fell to $0.00002297. The SHIB token has risen 2.5 percent since the launch, reaching $0.0000235.