Spike in Shiba Due to Recent Whale Activities
There was an increase of 10% in the prices of Shiba due to recent whale activity. As per the recent data received, the purchase of 4 trillion Shiba Inu’s worth $134 million was made from a whale wallet.
The current holdings of the wallet for Shiba Inu have now reached $144 million, making up for the 26% of portfolio holdings in Ethereum-based tokens.
The purchasing of Shiba Inu tokens provided a boost to the prices of tokens from a weekly low of $0.000028 on Monday to a weekly high of $0.000034 on Wednesday morning. Since then the prices have gone stable but are still up by 4% in the last 24 hours.
The developers of Shiba Inu have been trying to move out Shiba Inu from the meme coin category by introducing new technical services, into the coin in 2021, this has also led to an increase in the adoption of the coin and increase in its prices.
Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.
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