'Dogecoin Killer' Shiba Inu Sees 2,595% Surge Of Whale Inflows: 'Shibarium Is Set To Take Off,' Says Marketing Lead
Portfolio Pulse from Khyathi Dalal
Shiba Inu (CRYPTO: SHIB) has experienced a significant surge in whale inflows, network activity, and buying interest, with a 2,595% increase in large holder inflows and a 7.3% price gain over the past week. Transaction volume and active accounts on Shibarium have also seen substantial growth. The burning rate of SHIB tokens increased by 75% in the last 24 hours, contributing to a reduced total supply. The Shibarium ecosystem is expanding, with new projects and tokens expected to be integrated soon, supported by infrastructure providers like NOWNodes.
February 12, 2024 | 9:57 pm
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POSITIVE IMPACT
Shiba Inu (SHIB) has seen a 2,595% increase in whale inflows, a 7.3% price gain over the past week, and a significant increase in network activity and token burning. The Shibarium ecosystem is expanding with new projects and tokens, indicating strong future growth potential.
The substantial increase in whale inflows and network activity, coupled with a significant token burn, suggests a strong bullish sentiment among investors. The expansion of the Shibarium ecosystem with new projects and tokens further supports the potential for price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100