The Shiba Inu’s (SHIB), balance, which is under the control large holders, continues to grow. WhaleStats shows that an Ethereum whale purchased 53 billion SHIB tokens, which is worth $2,008,890. The average SHIB balance of the 100 largest holders is up by 8% at the moment. The price of SHIB has risen by approximately 7% in the past 24 hours. This is mainly due to the holiday season’s positive investor sentiment. SHIB’s net flows have also increased by 629%.
Shiba Inu soared to $0.000040 on December 20th from $0.00002820. The crypto fell by 60% and retraced slightly to $0.00003850, but is still below its all-time highs.
The SHIB price rise was largely due to the whales, but the Shiba Inu network has over 85,293 users. It is growing steadily, with a current total of 1,085,293. Just over a month ago, the Shiba Inu network crossed the million-dollar mark.
According to reports, Shiba Inu is 13th in market capital for crypto with $21.05 trillion. Dogecoin (DOGE) is directly rivaled by the token, as they share similar canine-themed themes.
