SHIB once again claims the summit as the biggest holding on whale addresses
- Shiba Inu is back in business
- SHIB Market Data Glows Green
Shiba Inu once crossed the $1.5 billion capitalization threshold on whale-level wallets and became the largest holding among the top 1,000 Ethereum addresses in the Ethereum network.
Shiba Inu is back in business
According to data provided by WhaleStats, Shiba Inu holdings in whale wallets are now valued at $1.67 billion, while the runner-up on the tracker, the FTT token, has holdings valued at $1.5 billion. of dollars.
The margin of $170 million was achieved thanks to the strong market performance of the SHIB token. The meme-based cryptocurrency has gained 20% in value over the past three days on top of a fresh wave of buying power from whale-level addresses.
As the data suggests, the most recent big buy was made by the whale “Light” which grabbed nearly 60 billion tokens.
SHIB Market Data Glows Green
Along with the SHIB token becoming the largest USD-valued asset on whale wallets, its market data indicators have all entered the green zone, showing the presence of potentially bullish sentiment around the token.
The trading volume indicator for SHIB shows a 150% increase from the same value 24 hours ago. Current trading volumes stand at $21 million for whale-level addresses and $1.7 billion in total.
Another substantial indicator for tokens like Shiba Inu, Net Flow, is also showing a 135% increase at press time. The metric tracks the flow of Shiba Inu tokens across large addresses. As the data suggests, no sales activity is currently traceable on Shiba Inu.
At press time, SHIB is trading at $0.000032 with daily growth of 2.1% and a price increase of 20% over the past three days.