Shiba Inu Price Decouples; 5 Trillion SHIB Moved; What’s Happening?
Shiba Inu Coin News: Global digital asset market cap registered a slight drop on Friday after the biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) prices saw a decline. However, Shiba Inu (SHIB), the second largest meme crypto has managed to surge while other top digital assets printed red indexes.
Shiba Inu price up by 50%
Shiba Inu Coin price have decoupled from the ongoing market sentiments. SHIB price has jumped by a whopping 5% over the last 24 hours. However, Shiba Inu price has registered a surge of 50% in the last 30 days. While Dogecoin (DOGE) price moved up by 27% in the same period.
As per the data, Shiba Inu coin broke out the price resistance level fixed at $0.00001278. This breakout helped SHIB token to jump amid the increased selling pressure. Shiba Inu is trading at an average price of $0.000013, at the press time. However, its 24 hour trading volume has jumped by 86% to stand at $638 million.
5 trillion SHIB moved
As per the data provided by WhaleAlert, Binance, the world’s largest crypto exchange has moved more than 5 trillion Shiba Inu Coin in multiple transactions. More than $62 million worth of SHIB was moved to an unknown wallet. However, Binance hasn’t made any comment regarding this massive movement.
However, the single largest transaction recorded by the tracker has been of moving almost 500 billion Shiba Inu coin (Approx worth $6.4 million).
Whale data depicts that SHIB is the top most traded token among the biggest 100 Ethereum whales. However, Shiba Inu is also the largest token held by these whales by dollar value. Top 100 ETH whales hold $639 million worth of SHIB at the moment.
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
