Whales boost Shiba Inu price

- Advertisement -

Over the weekend, not only bitcoin and ether showed explosive growth. Recall that the largest digital currencies briefly broke above $25,000 and $2,000.

Very good performance were able to show and joke tokens Shiba Inu (SHIB) and Dogecoin (DOGE). SHIB soared in value by 34%, thanks to the support of large investors.

- Advertisement -

Whales completed 433 trades worth at least $100,000 on Sunday. The Santiment team’s report says that SHIB whale activity hit a four-month high. It was these addresses that became the main triggers for volatility and aggressive growth of the token.

- Advertisement -

Over the weekend, Shiba Inu jumped to $0.00001744. Interest in this digital asset has also grown in the futures market.

The amount of open contracts on SHIB reached $45.75 million (according to CoinGlass).

On Wednesday, August 17, Shiba Inu is trading at $0.000016006192. Cryptocurrency capitalization increased overnight to $9,399,269,012 billion.

Against the backdrop of a weakening activity of traders, open interest in SHIB futures fell to $41.4 million.

The lion’s share of contracts is placed on the OKX, FTX and Bitget exchanges – $21.21 million, $8.46 million and $7.61 million, respectively.

Stay in touch! Subscribe to World Stock Market at Telegram.

Source: Cryptocurrency

- Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles