Shiba Now Is Now The Top Held Altcoins After Ethereum Among The Top 100 ETH Whales As It Spikes 11%.
It is good to hear the encouragement coming from the Shiba Inu price cap as general crypto is on the recovering wing. Shiba Inu has been displaying a whole lot of positive price action.
For instance yesterday, over 519 million SHIB tokens were sent to a dead wallet which was followed by another burn in another transaction the total to be above 573 million as the burn rate spiked to over 785%.
And also, Per data from the crypto whale tracker, Whalestats, and Shiba Inu token, SHIB is now in the top 10 in terms of trading volume among the 100 largest ETH whales in the last 24 hours. The average trading volume of SHIB was at $12,463, with an average quantity totaling around 1,100,000,000 SHIB this resulted in the 8th position the meme coin was occupying when the news was filed.
As part of the development, the SHIB now stands with 21.24% at the top position among Ethereum whales after ETH, with an average amount held of over $563 million and an average quantity held of over 49.4 trillion
Fortunately, as a show of general crypto recovery, the second-largest meme coin displayed an 11% increase in price over the last 24 hours and 24% in the last week.
The 24-hour technical analysis revealed a buy signal and the 4-hour chart shows the SHIB price is on the increase. And according to the two charts, the SHIB displayed bullish and it is expected of the SHIB to continue in such an uptrend movement.
At the moment, the Shiba Inu price calms at the $0.0000010 support level.
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
