Shiba Inu Coin News: Shiba Inu (SHIB) is witnessing an upward rally as the launch date of the highly anticipated Shibarium approaches. This positive update has helped the Shiba Inu Coin gain an edge over the world’s largest cryptocurrency, Dogecoin (DOGE). However, data shows that Ethereum (ETH) whales are reeling in more and more SHIB before launch.

Whales Rising Shiba Inu Price?

According to the WhaleAlert, Shiba Inu Coin has become the largest dollar holding of the top 100 ETH whales. SHIB flipped the Staked Ethereum Token (stETH) to regain the top spot. This accumulation movement by the whales directly reflects the excitement among the whales.

As reported, until January 13, 2023, the top 100 whales had about $69.5 million in Shiba Inu coins. However, this SHIB holding has now reached a value of approximately $176 million. Top ETH whales have collected $107 million worth of Shiba Inu in just 3 days.

SHIB price up by 22%

The price of Shiba Inu is up more than 22% in the past 7 days, while the price of Dogecoin is up about 15%. The recent launch of Shibarium Beta has given the SHIB an edge over the DOGE.

The SHIB price is up 6% in the last 24 hours. It is trading at an average price of $0.000011 at the time of going to press. 24-hour trading volume increased 4% to $446 million. Shiba Inu Coin has a market cap of $5.8 billion to maintain its position as the world’s second largest meme crypto.

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]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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