Shiba Inu remains a popular choice among the largest Ethereum whales, with the meme coin making up almost 12% of their token holdings. Despite stablecoins being prominent among these investors, SHIB is the largest non-stablecoin token holding for the top 100 ETH whales. However, SHIB's constant fall in price has resulted in the majority of its holders being in loss, with only 13% currently in profit. Low momentum and a 34% fall in daily trading volume suggest that the bear trend for SHIB is likely to continue in the short term.