CandleFocus Shiba Inu (SHIB) Stuns Dogecoin With Triple-Digit Whale Transaction Boost
2024-11-04
Author: Content Editor
The recovery of meme coins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), in the broader market is showing diverging trends in whale activities. According to analytics platform IntoTheBlock, SHIB whale transactions surged by over 261% in 24 hours, while DOGE only saw a 4.58% increase. This suggests that more investors are interested in SHIB overall, despite DOGE having a much larger trading volume. The whale boost in SHIB could contribute to its recovery and price growth. Additionally, SHIB is seeing a mild recovery in price, and the token has formed support around the $0.00001612 level. The ongoing updates in the SHIB ecosystem may provide a basis for new investments.
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