Shiba Inu Coin Price Decouples; 5 Trillion SHIB Moved

Shiba Inu Coin News: Global digital asset market cap registered a slight drop on Friday after the biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) prices saw a decline. However, Shiba Inu (SHIB), the second largest meme crypto has managed to surge while other top digital assets printed red indexes.

Shiba Inu price up by 50%

Shiba Inu Coin price have decoupled from the ongoing market sentiments. SHIB price has jumped by a whopping 5% over the last 24 hours. However, Shiba Inu price has registered a surge of 50% in the last 30 days. While Dogecoin (DOGE) price moved up by 27% in the same period.

As per the data, Shiba Inu coin broke out the price resistance level fixed at $0.00001278. This breakout helped SHIB token to jump amid the increased selling pressure. Shiba Inu is trading at an average price of $0.000013, at the press time. However, its 24 hour trading volume has jumped by 86% to stand at $638 million.

5 trillion SHIB moved

As per the data provided by WhaleAlert, Binance, the world’s largest crypto exchange has moved more than 5 trillion Shiba Inu Coin in multiple transactions. More than $62 million worth of SHIB was moved to an unknown wallet. However, Binance hasn’t made any comment regarding this massive movement.

However, the single largest transaction recorded by the tracker has been of moving almost 500 billion Shiba Inu coin (Approx worth $6.4 million).

Whale data depicts that SHIB is the top most traded token among the biggest 100 Ethereum whales. However, Shiba Inu is also the largest token held by these whales by dollar value. Top 100 ETH whales hold $639 million worth of SHIB at the moment.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, 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 some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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