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Shiba Inu

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 <p class="is-style-lead">The second-largest meme coin, Shiba Inu (SHIB), became the top <a rel="noopener noreferrer nofollow" title="gainer" href="https://thebittimes.com/tag/gainer.html">gainer</a> among the leading 100 cryptocurrencies. Its price got close to the $0.00001 mark.</p> 
 <p>Santiment data shows that SHIB’s recent rallies are activated by the high <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> activities and transactions over the past week.</p> 
 <p>Shiba Inu’s 24-hour trading volume also exploded by 53% over the past day, reaching $380 million.</p> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" loading="lazy" width="3840" height="1300" src="https://cdn.thebittimes.com/images/2023/08/09/5af8f712a70cf038e9f4d9a2c79b319b.webp" alt="Shiba Inu emerges as top gainer amid high whale activity - 1" class="wp-image-14184142"> 
  <figcaption class="wp-element-caption">
    SHIB price, whale activity and social volume – Aug. 9 | Source: Santiment 
  </figcaption> 
 </figure> 
 <p>Moreover, Shiba Inu <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> transactions consisting of at least $100,000 worth of SHIB witnessed a sudden spike from 46 on Aug. 4 to 152 on Aug. 5, and it currently stands at 64.</p> 
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 <p>Quite similarly, <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> transactions consisting of at least $1 million worth of the meme coin also rose from one on Aug. 6 to nine transfers on Aug. 7. Currently, they stand at just three trades.</p> 
 <p>Shiba Inu’s social volume has also witnessed many highs and lows over the past month. The key social indicator exploded on Aug. 5 when the asset broke the $0.00001 mark for the first time in three months.&nbsp;</p> 
 <p>However, SHIB’s social volume has been on a downward movement since Aug. 6.</p> 
 <p>Shiba Inu is up by 9.3% in the past 24 hours and trading at $0.0000098 at the time of writing. With the current surge, the meme coin regained the 14th rank among the top cryptocurrencies with a market capitalization of $5.79 billion.</p> 
 <p>Moreover, SHIB’s potential bull momentum comes while the developers hint at launching the Shibarium ecosystem.</p> 
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Shiba Inu emerges as top gainer amid high whale activity

TheBitTimes

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