Forget Dogecoin, Shiba Inu Emerges As Favorite Holding Among New Crypto Wallets

Shiba Inu SHIB/USD is among the top favorite holdings in new crypto wallets, with more than 12,000 fresh wallets seeing holding the meme coinover the last seven days.

What Happened: According to Nansendata, these wallets saw $56 million in SHIB inflows over the period, making it the top non-stablecoin asset held in their balances.

Data from CoinMarketCap shows that 1.28 million addresses are currently holding SHIB, with active addresses reaching 14,645 in the last 24 hours. Meanwhile, activeDogecoinCRYPTO: DOGE) addresses standat 10,558 in the last 24 hours.

See More: Best Crypto Day Trading Strategies

SHIB surged over 20% on Tuesday as traders reacted to this week's news oftheShibariumlayer-2 blockchain.

At the time of writing, Shiba Inu fell 10% in the last 24 hours, with Nansen reporting an overwhelming amount of trading on both decentralized and centralized exchanges.

PriceAction: SHIB was trading at $0.00001118, at press time,according to Benzinga Pro.

Read Next: Bitcoin Falls Below $21K, Ethereum, Dogecoin Slide Amid Genesis Worries: Analyst Says Apex Crypto Needs 'To Trap Just A Few More Bears'