Dog-themed cryptocurrency Shiba Inu (SHIB)While the market was calm last week, it diverged and gained 18.50%. After Shiba closed the week positive on-chain metrics reveal what’s driving the rise.
Whale wallet addresses have received massive amounts of SHIB, according to data from crypto market tracker WhaleStats. top 100 Ethereum whale has added $128 million worth of SHIB tokens to its wallets in the past 7 days.
With the recent purchases, the total amount of SHIB in these wallets has approached 9 trillion. The market value of the SHIB tokens in the hands of the whales is currently $ 728 million.
According to whale tracker, the recent buying activity has also changed the #1 token of giant ETH investors. Last week, while the USDT-indexed stablecoin was the owner of the summit, as of today, the number one token of Ethereum whales is SHIB.
Shiba Inu Price
Dogecoin’s biggest competitor SHIB It made a quiet start to the second week of February.
SHIB has gained 85% value since the beginning of the year, giving hope to its investors again. However, it is important for the price to stay above the key resistance level .1700 so that we can talk about a long-term uptrend.
$SHIB is currently selling at $.1500.
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