Shiba Inu Dislodges FTX In Average Quantity Held, WhaleStats Report Shows

The broader crypto market had shown positive progress in price within the last week, including meme coins like Dogecoin and SHIB. However, its performance over the past 24 hours speaks otherwise. The market recorded a 3.30% downward price trend within 24 hours. While several other tokens are displaying negative moves due to the sudden change, SHIB has made a hit with the dip. One of the top Ethereum whales has pitched up to the leading meme tokens, Shiba Inu, to buy the dip. Reports from Whalestats revealed that an ETH Whale address known as BlueWhale0113 purchased over 321 billion of the....

Shiba Inu still remains a whale favorite going by the activities of the top Ethereum whales in recent days. These whales seem to be undeterred by the low prices of the meme coin and rather continue to buy the digital asset in the millions. The latest purchase from an Ethereum whale has the community at the edge of its seat as one whale singlehandedly bought almost $5 million worth of the cryptocurrency, showing that interest in it has far from waned. Ethereum Whale Hoards SHIB A report from WhaleStats showed an enormous Shiba Inu purchase by an Ethereum whale. This whale known as....

Shiba Inu is currently the second-largest crypto asset held among the top 100 Ethereum whales behind USDC, according to statistics from WhaleStats, although Ethereum (ETH) maintains the top rank. The most recent data from WhaleStats reveals the investment patterns of the top 100 non-exchange Ethereum addresses by wealth. The top 100 whales are essentially wallets with an average worth of $14 million. Tuesday’s market price for Shiba Inu is $0.00000827, up 3.7% over the last seven days, statistics provided by Coingecko shows. Suggested Reading | Bitcoin Climbs Back Above $20K, A....

Over the past week, Shiba Inu (SHIB) surged by 8%. In fact, even though the bearish market prevails, Shiba Inu is still performing at its peak. SHIB’s social metrics up by 1.43% Despite Shiba Inu’s social dominance, ROI is down SHIB whales on a shopping frenzy Social media chatter provides that much needed oomph for Shiba Inu (SHIB), triggering a pump in prices. The amplified whale interest plus metaverse updates certainly gave SHIB that push. The increased hype around SHIB could be because of the Whalestats announcement via a tweet stating that SHIB was able to outperform other meme coins....

SHIB price remains at risk of falling further against DOGE due to weak technicals. Shiba Inu (SHIB) has grown stronger against its top "memecoin" rival Dogecoin (DOGE) in the last two months, in part due to the token's periodic token burning events and a flurry of project announcements that promises to boost its utility.Why is the SHIB price rallying?In detail, SHIB/DOGE gained a little over 40% after bouncing from 0.0001120 on May 12, its lowest level on record. SHIB/USD four-hour price chart. Source: TradingViewCoin burn is the most logical explanation behind SHIB's recent rally against....