The Ethereum whales’ favorite trading pair is now FTX, Dethroning Shiba Inu, according to the community. Coin Shiba Inu is known as a popular meme coin. It has been eclipsed by a crypto exchange token that has been making headlines in the sector.
According to ethereum whales, bullish trends are evident in the digital asset.
Ethereum Whale Favorite
FTX had been steadily climbing the list of Ethereum whales with the biggest number of tokens held. Whale addresses, which typically contain between tens of thousands and one million ETH, have started spreading their holdings into a variety of alternative cryptocurrencies. Among these wallets’ top ten holdings, Shiba Inu, which had gained notoriety last year, quickly became a favorite among these investors.
Despite the dips and rises in the meme currency’s value, most of these wallets continued to increase their meme coin holdings. However, it appears that the Shiba Inu’s reign of supremacy has come to an end. This is because a new challenger has emerged.
Token FTX, which Ethereum whales are pouring money into, has shot to the top of the list. One thousand Ethereum whales have accumulated $1,480,681 worth of the coin FTX so far. When compared to SHIB, the same wallets possess $1,149,573 in SHIB value, putting FTX at least $300,000 in front of SHIB.
Shiba Inu is Not Okay
The Shiba Inu community’s most popular topic has been a possible listing on Robinhood. Here, Dogecoin, the most popular meme coin, is available for purchase and trading. It is the greatest place for newcomers to the meme coin market to start. In spite of this, SHIB has been unable to secure a listing on the platform. This would allow it to compete more effectively against Doge.
In the end, Robinhood delivered a firm answer to the community after months of pressure. The money would also be listed, they claimed. This week, Robinhood CEO Vlad Tenev stated that the company would not be accepting any new coins in the future. This movement includes SHIB. However, Tenev stated that the firm heard its consumers loudly. Accordingly, in contrast to its lack of inclusion on a platform.
There have been additional defeats for Shiba Inu. Among the top Ethereum whales, MATIC, Polygon’s native token, has emerged. They are one of the most traded token over the last 24 hours. The whales prefer UNI, but FTT (FTX Token) has the most monetary value of any token.