The post ETH Whales Unload Their Stack of Shiba Inu Tokens and Accumulating This Altcoin appeared first on Coinpedia Fintech News

One of the most popular meme currencies, Shiba Inu, failed to make investors happy with its lackluster performance because it only managed to boost its price by over 2% during the past week. Amid the poor performance and the dramatic events in the past few weeks, Shiba Inu has lost its position as the most popular cryptocurrency among the Ethereum whales. 

Selling pressure in the cryptocurrency sector happens when the majority of traders sell their holdings, indicating that they believe the asset’s price will decline. Shiba Inu is no longer the largest holding among the top 100 largest Ethereum whales, according to WhaleStats. Decentraland (MANA), according to the data, is currently the largest token held by ETH whales.