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Funds are Shib? Crypto Dot Com reserves are 20 % Memecoin
According to one of Kris Mars Marszalek, CEO of Crypto Dot Com, in his official Twitter feed, 20 % of all reserves on the stock exchange are kept in the high-speculative Memecoin Shiba Inu (Shib). Since the fear of crypto attachment spreads through the FTX core melting, Marszalek seems to be striving to prove that every hazard is limited by the crisis, and divided links to a nansen dashboard, the reserves of over $ 2 billion illustrates. However, market observers will be concerned that A Coin without obvious benefits and a story that is rooted in dog memes is so strongly represented in this breakdown. Bitcoin ...
Funds are Shib? Crypto Dot Com reserves are 20 % Memecoin
According to one by Kris Mars Marszalek, CEO of Crypto Dot Com, in his official Twitter feed, 20 % of all reserves on the stock exchange are kept in the highly speculative Memecoin Shiba Inu.
Since the fear of crypto attachment spreads through the FTX nucleus, Marszalek seems to be striving to prove that every hazard is limited by the crisis, and divided links to a nansen dashboard that illustrates the reserves of over $ 2 billion.
Market observers, however, will be concerned that A Coin without obvious benefits and a story that is rooted in dog memes is so strongly represented in this breakdown.
Bitcoin accounts for 30.67 % of the total reserves, while Ether is 17.32 %. Only 11.99 % of the published reserves are kept in StableCoins USDC and USDT.
The 19.77 % of the reserves held in Shib that will pull up the eyebrows.
Each Shiba Inu-token has a current value of $ 0.000000979 this morning, which corresponds to a market capitalization of $ 5.7 billion. Coingecko's data showed that Binance and Coinbase had a trading volume of around $ 32 million or $ 25 million
Shib also turned Solanas token Sol briefly this week, since the market participants are concerned about the narrow connections of the Solana ecosystem to FTX and Alameda.
Blockworks asked Crypto Dot Com for a comment.
The post funds are Shib? Crypto Dot Com Reserve ARE 20% Memecoin is not a financial advice.