Shiba Inu, a meme coin with a growing fanbase, has attracted significant attention in the cryptocurrency community. Alongside Dogecoin, it has become a noteworthy contender, and the SHIB team has been proactive in various community endeavors.
In particular, these initiatives, including the much-awaited Shibarium, have contributed to the increase in the price of Shiba Inu. The latest data from IntoTheBlock has revealed that there has been a whopping accumulation of 11.11 trillion SHIB in the last 48 hours.
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Shiba Inu whales accumulate in anticipation of Shibarium
On Saturday, the Shiba Inu ecosystem experienced a significant transformation. The number of SHIB flowing into whale wallets increased dramatically by 3,148% compared to the previous day.
Coinciding with this surge in influx, there was a corresponding decline in outflows from the wallets of prominent Shiba Inu investors. Within a 24-hour period, there was a remarkable 94.61% drop in the value of outflows. This reduced the amount from 7.21 trillion SHIB to just 388.07 billion SHIB.
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CoinMarketCap data shows that SHIB is the only coin trading in the green in comparison to its performance over the last seven days. SHIB is up by 6.3% in the last seven days and is trading at $0.000009003 at press time.
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