Shiba Inu Price Prediction as $300 Million Trading Volume Comes In – Are Whales Buying SHIB?
The Shiba Inu price has risen by 50% from its low point in December and its daily trading volume has seen an increase to $300 million.
SHIB’s growth in volume and price has been reflected in its market cap, which stands at $6.8 billion. The meme coin is now the 13th largest crypto after toppling Litecoin (LTC).
Shiba Inu has 549 trillion tokens in circulation, but a total supply of 589 billion. Other SHIB tokens have been locked in smart contracts for staking purposes.
Is The Shiba Inu Price Uptrend Intact – Evaluating Support from Whales
Shina Inu has always been a darling among large-volume crypto holders, especially Ethereum whales. According to WhaleStats, Shiba Inu is of the top ten most used smart contracts for the top 1,000 biggest Ethereum whales on Friday.
The story gets juicer, with Shiba Inu appearing among the most used smart contracts for the top 100 Ethereum whales in 24 hours. Alongside SHIB is Numeraire (NMR), Maker (MKR), Decentraland (MANA), and Biconomy (BICO).
