- Whales accumulated $9 million in just eight weeks.
- Shiba Inu is now in fourteenth place among major crypto assets.
- Shibburn’s insights reveal an impressive 240.91% surge in SHIB token burns.
In a surprising turn of events, Shiba Inu emerged as the unexpected victor during an otherwise lackluster trading week, according to market intelligence platform, Santiment, known for analyzing on-chain metrics of over 2,500 cryptos.
According to the report, wallets of influential players dubbed crypto sharks and dolphins, which held between 10 million to 100 billion Shiba Inu tokens, amassed a staggering $9 million in just under eight weeks.
#ShibaInu has been a surprise winner during the final hours of a particularly dull trading week. Shark & dolphin wallets holding 10M-100B $SHIB tokens have accumulated ~$9M in just under 8 weeks, a significant amount for the 14th ranked #crypto asset. https://t.co/WwZrvcUN0D pic.twitter.com/98A1darF5A— Santiment (@santimentfeed) July 28, 2023
Santiment further bolstered its claims with visual evidence, sharing a chart that depicted notable price jumps of SHIB, influenced by transaction surges orchestrated by big crypto whale…
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