Shiba Inu Coin News: The global digital asset market cap registered a slight decline on Friday after the prices of the largest cryptos such as Bitcoin (BTC) and Ethereum (ETH) fell. However, Shiba Inu (SHIB), the second largest meme crypto, has managed to rally as other top digital assets pushed red indices.

Shiba Inu price up by 50%

The price of Shiba Inu Coin is disconnected from the ongoing market sentiment. The SHIB price is up as much as 5% in the last 24 hours. However, the price of Shiba Inu is up 50% in the last 30 days. While the price of Dogecoin (DOGE) increased by 27% during the same period.

According to the data, the Shiba Inu coin broke the price resistance level set at $0.00001278. This breakout helped the SHIB token flip amid increased selling pressure. Shiba Inu is trading at an average price of $0.000013 at the time of going to press. However, the 24-hour trading volume is up 86% to $638 million.

5 trillion SHIB moved

According to data from WhaleAlert, Binance, the world’s largest crypto exchange, has moved over 5 trillion Shiba Inu Coin in multiple transactions. More than $62 million in SHIB was moved to an unknown wallet. However, Binance has not commented on this massive move.

However, the largest transaction recorded by the tracker was the movement of nearly 500 billion Shiba Inu coins (about $6.4 million).

Whale data shows that SHIB is the most traded token among the 100 largest Ethereum whales. However, Shiba Inu is also the largest token of these whales in dollar value. Top 100 ETH whales currently hold $639 million in SHIB.

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’s not writing, he’s 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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