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Shiba Inu saw significant buying within hours

According to CoinMarketCap, the 24-hour Shiba Inu trading volume is demonstrating a sharp rise of 114%. Likewise, Shiba Inu’s market valuation is up 7% to 7.68 billion. The latest increment might suggest that over $490 million has flowed into the SHIB market capitalization in the last 24 hours.

In the previous 24 hours, new money has also poured into the “doggone doggerel” economy, which has reported a slight 4% increase in market value. This class of dog-themed cryptocurrencies is currently valued at $17.35 billion, according to data from CoinMarketCap.

The trading volumes of this class of assets have also increased by 88%, indicating a sustained interest in dog-themed cryptocurrencies. Shiba Inu saw significant buying within hours, printing two massive green hourly candles before retreating slightly at the time of publication. The buying pressure could partly be traced to whales or large investors who are taking advantage of the present market conditions to accumulate at a discount.

According to WhaleStats data, Shiba Inu was among the top 10 by trading volume among the 100 biggest ETH whales in the last 24 hours. At the time of publication, Shiba Inu was up 7% at $0.00001376.

shiba-inu-saw-significant-buying-within-hours

SHIB/USD 4-hour chart | Source: TradingView

Notably, Shiba Inu’s ecosystem BONE was up 10.95% in the last 24 hours at $0.91. The Shiba Inu governance token was also being actively traded, with 24-hour trading volumes rising 62.3%. The market valuation for BONE was also up 10% within the same time frame. With less than 1 million BONE left for farming, the enthusiasm around the asset remains on an uptick. In June, the Shiba Inu community overwhelmingly voted in favor of halting all BONE farming upon reaching 230 million minted tokens. The remaining 20 million tokens were intended to be saved for Shibarium validators. Given this, the maximum supply for BONE remains at 250 million. The Shiba Eternity Game was showcased at the world’s largest gaming event by games veteran William Volk who attended the event.

This whale, who holds over 600 billion SHIB, has added another 52.4 billion to his stash

A massive transaction, sending a total of 52,470,888,570 Shiba Inu meme tokens from a Binance wallet to an anonymous address, was spotted on Etherscan, taking place a couple of hours ago. This purchase of crypto was worth almost a million USD — $744,561.91. The overall balance of the anonymous whale’s wallet now stands at 657,401,453,770.745 SHIB.


According to a recent tweet by WhaleStats, a crypto tracking service that follows the largest wallets on Ethereum, Polygon, BSC, and other chains, at the moment the largest whales on ETH are holding $162,127,202 worth of Shiba Inu. Earlier, some of the largest ETH whales bought a staggering $37.6 million in this popular canine token. This amount of USD can get you 2,827,067,669,172 Shiba Inu.

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