Are Shiba Inu [SHIB] whales responsible for the alt’s latest uptick?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Shiba Inu [SHIB] community is in celebratory mode once again courtesy of the strong growth that the meme coin has achieved this week. Its market cap just surpassed $6 billion, allowing it to overtake both Avalanche [AVAX] and Polygon [MATIC] networks. SHIB proved that it can still command strong demand after briefly dipping below […]

proved that it can still command strong demand after briefly dipping below the $0.00001 price level once again. Its price action has been dancing around its 50-day moving average for the last few days and the latest uptick has resulted in a move above the same MA.

further increased according to the whale transaction metric. This means the overall sentiment is improving in favor of the upside. This observation resonates with higher exchange outflows as compared to inflows, especially in the last three days. Exchange outflows peaked at 194 billion on 13 July. A similar observation was made on 14 July with outflows peaking at 159.39 billion coins while inflows peaked at 101.5 billion coins.Shiba Inu’s exchange outflows peaked at 171.52 billion

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SHIBARMY 🐶 WAGMI COINBASE 🛰️soon releases ShibaSwap 2.0, Shibarium, Shi, ShibaNet, Games NFT Shiboshis, Shiberse shibtoken shiba UseShibaSwap Shib bone leash Shiba ShibTheMetaverse

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines