Shiba Inu (SHIB), the world’s second largest meme cryptocurrency has been trading under increased selling pressure in recent weeks. However, the price of Shiba Inu has dropped the least among the top meme crypto. The price of the Shiba Inu coin is down about 2% in the past 7 days.
Do whales move the price of the Shiba Inu coin?
Amid the recent price drop, crypto whales have jumped at the chance to add more Shiba Inu to their wallets. According to the tracker’s data, more than 1.3 trillion SHIB have been moved by the whales in the past 24 hours. The cumulative value of the total Shiba Inu displaced by the whales is about $12 million.
According to the data, a whale added 200 billion Shiba Inu coins in one transaction. Crypto whale bought $1.7 million worth of crypto exchange Crypto.com. However, another whale also moved 200 billion SHIB, which could lead to the Shiba Inu price hike.
Meanwhile, the largest transaction recorded by the tracker was the movement of 248.2 billion Shiba Inu Coin (about $2.1 million).
The price of Shiba Inu is up more than 2% in the last 24 hours. SHIB is trading at an average price of $0.00009 at the time of going to press. Shiba Inu coin has a market cap of about $4.8 billion.
Binance, the largest crypto exchange, has a list of the top 3 most viewed digital assets from 2022. The list consisted of Bitcoin (BTC), Ethereum (ETH), and Shiba Inu. However, since this announcement, the SHIB price has registered a price increase.
Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching a thriller or exercising outside. Reach me [email protected]
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This post 1.3 trillion SHIB moved during this Binance update
was published first on https://coingape.com/shiba-inu-coin-news-1-3-trillion-shib-moved-amid-this-binance-update/