Shiba Inu (SHIB), the world’s second largest meme cryptocurrency is trading under increased selling pressure over the past few weeks. However, Shiba Inu price has dropped the least among the top meme crypto. Shiba Inu coin price is down by around 2% in the last 7 days.
Are whales moving Shiba Inu Coin price?
Amid the recent price drop, crypto whales have grabbed the opportunity to add more Shiba Inu to their wallets. As per the data provided by the tracker, more than 1.3 trillion SHIB have been moved by the whales in the last 24 hours. The cumulative worth of the total Shiba Inu moved by the whales stands around $12 million.
As per the data, a whale has added 200 billion Shiba Inu Coin in a single transaction. Crypto whale bought approx worth $1.7 million from the Crypto.com crypto exchange. However, another whale also moved 200 billion SHIB which might lead to the Shiba Inu price surge.
Meanwhile, the single largest transaction recorded by the tracker has been of moving 248.2 billion Shiba Inu Coin (approx worth $2.1 million).
Shiba Inu price is up by more than 2% in the last 24 hours. SHIB is trading at an average price of $0.00009, at the press time. Shiba Inu coin is holding a market cap of around $4.8 billion.
Binance, the biggest crypto exchange dropped a list of the top 3 most watched digital assets of 2022. The list consisted of Bitcoin (BTC), Ethereum (ETH), and Shiba Inu. However, since this announcement, SHIB price has recorded a price surge.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.