Shiba Inu and Dogecoin whales, who have a large amount of SHIB and DOGE, also have different coins in their wallets. Meanwhile, the cryptocurrency market is experiencing a pullback as Bitcoin drops below $20,000. The largest cryptocurrency ended the second quarter of 2022 below $20,000, giving investors a negative mood. Here are the details…
- 1 What do Dogecoin and SHIB whales have in their wallet?
- 2 Latest situation in the market: The decline continues
- 3 Share this:
What do Dogecoin and SHIB whales have in their wallet?
The cryptocurrency market is experiencing a serious decline. Meanwhile, the whales of Dogecoin, the world’s first and largest meme coin, are on the agenda with other cryptocurrencies they keep in their wallets. According to Whale Stats data, DOGE whale wallets hold the following coins the most:
- Tether USD
- Radio Shack
- USD Coins
The second largest meme coin, Shiba Inu (SHIB), whales also have similar coins in their wallets. These whales account for the following coins:
- Tether USD
- USD Coins
- Binance USD
- Bitpanda Ecosystem Token
Latest situation in the market: The decline continues
While whales are buying the cryptocurrencies we mentioned above, Bitcoin and other cryptocurrencies continue to lose momentum. Despite rising to almost $21,000, Bitcoin fell just as quickly. Fierce finished the second quarter under $20,000. Altcoins have gone through similar volatility. The primary cryptocurrency was at a 10-day high when it approached $22,000 last weekend. The landscape has changed and BTC is slowly starting to depreciate as the community expects to bounce higher.
As such, it dropped to around $20,000 where it stood for several days. However, it eventually lost that level. It then dropped to $19,000. AmkNews.com As we have also reported, the situation worsened yesterday. Bitcoin slumped to a multi-week low at $18,500. However, as the second quarter neared its end, the cryptocurrency broke out. It rose more than $2,000 within minutes and reached $21,000. However, this rise was short-lived. BTC has since returned below the targeted $20,000 line. Therefore, its market cap is just under $375 billion.
Its dominance over altcoins is 42.5 percent. Most altcoins have experienced similar volatility in the past 24 hours. However, the overall picture is slightly more positive than on Wednesday and Thursday. Ethereum continued to hold above $1,000 after coming close to losing this level several times recently.
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