No Dogecoin and Shiba Inu, ShibDoge is now the top holding in whale accounts!

Despite the slow movement of the cryptocurrency market, the activity percentage in meme cryptocurrencies has increased significantly over the past few days. Along with the increase in the number of active addresses for Dogecoin and Shiba Inu, recent reports suggest that the cryptocurrencies held in the top Ethereum whales also include mime cryptocurrencies such as Dogecoin and Shiba Inu. But a recent update now says something else.

The latest report from WhaleStats says that the top meme cryptocurrencies held by Ethereum whales are not Shiba Inu (SHIB) and Dogecoin (DOGE) but ShibDoge. A new competitor to Dodgecoin and Shiba Inu is emerging in the market. The latest data from the platform that tracks whale accounts shows that the cryptocurrency most held by the top 1000 Ethereum whales is named ShibDoge, not DOGE and SHIB. However, the Shiba Inu is the second largest meme cryptocurrency held by Ethereum whales after ShibDoge.

According to the figures released, ShibDoge has a total holding of $685 million in Ethereum whales, which is approximately $685 million. This is $63 million more than the Shiba Inu. While Shiba Inu and DodgeCoin started out as a joke, both these meme tokens are now world famous and their number of investors is also increasing continuously.

ShibDoge is a new project started based on the popularity of Dogecoin (DOGE) and Shiba Inu (SHIB). It begins with a post in December 2021 by a man named Peter. In the post, Peter has written that he has been following Dodgecoin and Shiba Inu since the beginning. Both the coins were started for the same purpose but later the popularity of both the coins increased and the competition started between the two.

Peter says that it will be good if both the communities come together. So they combined both the tokens into one token based on Shiba Inu and DodgeCoin and started a new project called ShibDoge. There are many other clones of Shiba Inu and Dodgecoin available in the market but Shibdodge is different from them. Peter says that he wanted to start a project in which people can come together and work in which there is no competition of any kind.

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