Stablecoin

Accumulate

Realm

Shiba Inu

Trillion

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 <p>Shiba Inu, a meme coin with a growing fanbase, has attracted significant attention in the cryptocurrency community. Alongside Dogecoin, it has become a noteworthy contender, and the SHIB team has been proactive in various community endeavors. </p> 
 <p>In particular, these initiatives, including the much-awaited Shibarium, have contributed to the increase in the price of Shiba Inu. The latest data from IntoTheBlock has revealed that there has been a whopping accumulation of 11.11 trillion SHIB in the last 48 hours. </p> 
 <p><strong>Also read: PayPal Enters Stablecoin Realm With PYUSD</strong></p> 
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  <img decoding="async" width="768" height="427" src="https://cdn.thebittimes.com/images/2023/08/08/17ea3c54856ef1ebeb620eb301255676.webp" alt="" class="wp-image-105664" srcset="https://cdn.thebittimes.com/images/2023/08/08/17ea3c54856ef1ebeb620eb301255676.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/17ea3c54856ef1ebeb620eb301255676.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/17ea3c54856ef1ebeb620eb301255676.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/17ea3c54856ef1ebeb620eb301255676.webp 550w" sizes="(max-width: 768px) 100vw, 768px"> 
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 <h2 class="wp-block-heading" id="h-shiba-inu-whales-accumulate-in-anticipation-of-shibarium">Shiba Inu whales accumulate in anticipation of Shibarium</h2> 
 <p>On Saturday, the Shiba Inu ecosystem experienced a significant transformation. The number of SHIB flowing into whale wallets increased dramatically by 3,148% compared to the previous day.</p> 
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 <p>Coinciding with this surge in influx, there was a corresponding decline in outflows from the wallets of prominent Shiba Inu investors. Within a 24-hour period, there was a remarkable 94.61% drop in the value of outflows. This reduced the amount from 7.21 trillion SHIB to just 388.07 billion SHIB.</p> 
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  <img decoding="async" loading="lazy" width="828" height="494" src="https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp" alt="" class="wp-image-105665" srcset="https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp 828w, https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/11ca23c53980c450bdf4070b87c9230c.webp 800w" sizes="(max-width: 828px) 100vw, 828px"> 
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    Source: IntoTheBlock 
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 <p>CoinMarketCap data shows that SHIB is the only coin trading in the green in comparison to its performance over the last seven days. SHIB is up by 6.3% in the last seven days and is trading at $0.000009003 at press time.</p> 
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Shiba Inu: Whales Accumulate 11 Trillion SHIB As Shibarium Nears

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TheBitTimes

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