Trillions of SHIB Purchased in a Single Day
A significant purchase of 4 trillion SHIB tokens, worth around $40 million, was detected by wallet tracker bot Whale Alert on Sunday.
SHIB’s Price Rally and Shibarium’s Impact
Despite a decline in the overall market, SHIB has been experiencing consecutive double-digit gains for the past two weeks. This surge in price can be attributed to Shibarium, SHIB’s scaling solution, which has processed over 80 million transactions.
Rise in Wallet Addresses and SHIB Holders’ Profitability
Currently, there are 90,000 addresses holding a collective total of over 422 trillion SHIB at a value of $0.000016 per token. The number of wallet addresses has also increased to 1.3 million. However, only 23% of SHIB holders are currently making profits, while 62% are facing losses.
Hot Take: SHIB Continues to Make Waves Despite Market Decline
While the overall cryptocurrency market is experiencing a downturn, SHIB continues to make headlines with its impressive price rally and growing network activity. The recent purchase of trillions of SHIB tokens further solidifies its position as a popular investment choice. However, it is important for investors to be cautious, as the majority of SHIB holders are currently facing losses. As the market continues to fluctuate, it will be interesting to see how SHIB and Shibarium navigate these challenges and maintain their momentum.
By
By
By
