Price Increase As Whales Fill Their Bags With These Meme Coins!

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According to CoinMarketCap, SHIB was the third most profitable cryptocurrency of the week. In the last seven days, the meme coin price has increased by 26%, but at one point SHIB managed to post a 50% rise.

Much of SHIB’s notable price increase came on Friday and Saturday, when other meme coins followed their leader, Dogecoin. DOGE has been up over 100% since the start of the week, while SHIB was only up 25%. The second largest meme coin managed to compensate for the delay with the help of another token in its ecosystem, BONE.

BONE, which can be considered the second most important token in the Shiba Inu project and the main token of the decentralized ShibaSwap exchange, also gained 20% over the weekend.

Meme coin price action

On its way up, SHIB price tested the critical price levels of recent months almost perfectly. SHIB started in the $0.0000106 area and quickly reached $0.0000117, where after experiencing some consolidation, it rose to $0.000014.

Unfortunately, the break of this level was not successful and SHIB price corrected by 10.5%. However, the failed break proved once again how strong this level is. However, if the developments in the crypto market continue similarly, we can probably wait for another attempt to curb this peak.

Whales’ Favorite

A recent report by WhaleAlert to tweet The total SHIB balance of the 100 largest Ethereum whales has once again risen above the $100,000,000 level. This rise came after the big price increase this week.

Posted by whale watching platform WhaleAlert on Oct. 28 information The top 100 whales owned SHIBs worth just $89,781,650, according to the report. The whales in question increased their SHIB balance and the amount rose again to over $100,000,000.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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