Not Shiba Inu Or Dogecoin, This Is The Most Bought Crypto By Whale Ethereum, SHIBDOGE

ShibaDoge meme coin. (ShibaDoge)

JAKARTA – The meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have become the most popular cryptos among others. Both had a bullish rally in 2022.

However, the biggest Ethereum owners or so-called whales apparently turned their attention to other meme coins that were not as popular as DOGE or SHIB.

The ETH whales reportedly bought up another meme coin, the ShibaDoge. According to a report from whale movement tracker, WhaleStats, it states that ShibDoge is the most widely held coin among the top 1,000 ETH whales, with a total position size of 685 million US dollars.

While SHIB is below ShibDoge as the most traded cryptocurrency by the Ethereum whales. This is a pretty surprising note considering Dogecoin and Shiba Inu are the two most popular crypto memes in the cryptocurrency world. With data from WhaleStats, SHIB and DOGE a new competitor arrives.

For information, ShibDoge was inspired by its two predecessor meme coins, namely Shiba Inu and Dogecoin. According to a post on Medium in December 2021, ShibDoge was created by someone claiming to be Peter.

He discussed how two projects that were very similar in their aspirations, Shiba Inu and Dogecoin, turned into sworn enemies and waged a war for dominance in the crypto market. The hostility of the two communities made Peter create a new alternative that could unite the two by developing the ShibaDoge token (SHIBDOGE).

Simultaneously, the whales Shiba Inu and Dogecoin were triggered to support the SHIBDOGE project. It is not yet known whether SHIBDOGE's rise in popularity is due to the participation of the ETH whales or not.

As of writing, SHIBDOGE is trading at IDR 0.000000000002, based on data from CoinMarketCap, Thursday 14 July 2022. Its price is up 9.26% in the last hour.