SHIB is presently the most traded token by the top 1,000 ETH whale wallets ShibArmy Friendshibs Shiberse
The price of SHIB drifted sideways for a while as investors and market participants awaited proof that markets were ready to shake off the negative effects of January. However, the price resumed an upward rise on Feb. 3 and has surged more than 45% since then.The price of Shiba Inu saw a significant spike over the weekend as whales, or large holders, added to their positions.
The first two transactions moved 6,114,330,557 SHIB and 1,087,650,366 SHIB. The other two stashes purchased and tracked by Etherscan both carried 28.041 billion meme tokens. The purchase boosted prices from lows of $0.0000201 on Feb. 3 to intraday highs of $0.0000296 on Feb. 7. Prices have slightly retreated at press time but are still up 22.11% in the past 24 hours.Shiba Inu has managed to stage an impressive comeback, gaining 72% since plunging to its multi-month low of $0.00001704. Presently, it is the 14th biggest coin by market capitalization after surpassing Polygon ,data shows. The canine cryptocurrency is currently trading at $0.
The Shiba Inu development team continues to strive for more ways to increase the SHIB utility. According to a recent Twitter update posted by Shibburn, more projects burning Shiba Inu tokens might be released soon. As a means to further SHIB acceptance and burn more tokens, Shiba Inu recently announced a partnership with an Italian fast food restaurant called Welly's.
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