2 November 2024
Shiba Inu Coin Becomes Most Traded Token By Top 1,000 Ethereum Wallets
According to WhaleStats, Shiba Inu has flipped Polygon (MATIC) and became the most traded token among 1000 most significant Ethereum (ETH) wallets. The price of SHIB surged 4.87% to $0.00003077.
The top 1000 Ethereum whales have accumulated a total of 54.640 Trillion SHIB tokens worth $1,722,780,849. The trading volume of Shiba Inu increased by 4.81 percent from the previous trading day and is now $2,070,395,094.98 in value (2.07B).
The SHIB has also overtaken Ethereum wallets to become the second-largest holding. Additionally, it has been the most popular token among Ethereum whales in the last 24 hours. Around $6,880 is the average amount spent by whales in the past 24 hours to buy 216,080,402 SHIB tokens.
Recently, IZEA, a NASDAQ-listed influencer marketing business, has announced the acceptance of Cryptocurrency as payment. It includes Shiba Inu (SHIB) and Dogecoin (DOGE), as well as Bitcoin, Ethereum, Litecoin, and Crypto.com Coin.
SHIB has broken its trendline resistance and enjoyed significant gains but could not break through its long-term 23.6 percent Fibonacci barrier.
Also, the bulls tried to break the 23.6% Fibonacci barrier after recording a stunning ROI of 75.5%. However, there is a hurdle at the $0.000029 threshold for the purchasers now.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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