• According to Whale Stats data, the largest ERC-20 token holdings of Ethereum whales is Shiba Inu.
  • AMC recently announced the acceptance of SHIB payments through BitPay.
  • The Shiba Inu community is now focused on the Robinhood listing and asking fast-food chain McDonald's to accept SHIB payments.
  • Analysts are bullish on SHIB, predicting a trend reversal in Shiba Inu price.

Shiba Inu has emerged as a favorite of Ethereum whales, according to data from Whale Stats. Analysts have predicted that SHIB is likely to start the second leg of the bull run in the ongoing cycle. 

Top 1000 Ethereum whale wallets hold $2.3 billion worth of SHIB tokens

Based on data from Whale Stats, SHIB accounts for over 17.4% of the top 1000 Ethereum wallets ERC20 holdings. The meme coin currently ranks 11th with a market capitalization of $23.6 billion. 

The Shiba Inu community (SHIB army) has actively created petitions to list SHIB on Robinhood to get it accepted as a payment method at AMC Theatres and McDonald's. AMC Theatres have accepted SHIB Army's request and announced that SHIB could be used to make payments across its theatre chain outlets through BitPay. 

Adam Aron, CEO of AMC Theatres, recently tweeted:

The analytics firm Santiment recently referred to SHIB as a "blue chip" among Ethereum powered altcoins. Santiment listed SHIB, Yearn Finance (YFI), Uniswap (UNI), AAVE and Chainlink (LINK) as the five blue-chip ETH altcoins. 

@venturefounder, a cryptocurrency analyst, believes that meme coins Shiba Inu and Dogecoin rallied ahead of a Bitcoin bull run. The analyst considers that the next time SHIB price rallies, it is a sign of the crypto market getting overheated. 

Shiba Inu's utility has hit a peak, with over 500 merchants accepting SHIB as a form of payment. A mysterious new SHIB whale has purchased 170 billion Shiba Inu tokens worth $8.1 million during a dip. 

The whale converted ETH to buy SHIB; proponents consider it a bullish sign for Shiba Inu price. 

FXStreet analysts have evaluated SHIB price and identified a triple bottom pattern to catapult Shiba Inu to $0.000088.

 

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