CandleFocus Shiba Inu (SHIB) Skyrockets 171% in Key Metric, Will Price Follow?
2024-09-24
Author: Content Editor
The crypto news content discusses the recent performance and market trends of Shiba Inu (SHIB), a meme coin project. The price of SHIB has seen a recovery, with a 3.8% increase in the past 24 hours. This price momentum is largely sustained by large transactions made by market whales, which have surged by 171% to $20.57 million. High-net-worth investors are showing increasing interest in SHIB, and the project has a historical trend of attracting their attention. The meme coin project has recorded a range of 335.4 billion to 3.03 trillion SHIB tokens in the past seven days, which could help sustain its growth. The Shiba Inu community and project leaders are optimistic about its future potential, and there are hints of something big coming from the team. SHIB is currently the second-largest meme coin and aims for mainstream adoption through various games and product offerings.
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