Shiba Inu Tops This Area

Shiba Inu (SHIB) has become the biggest winner among the top 100 cryptocurrencies, with its price approaching the $0.00001 mark. Santiment data shows SHIB’s recent rallies have been activated by high whale activity and transactions over the past week. Shiba Inu’s 24-hour trading volume also increased by 53% in the past day, reaching $380 million. Moreover, Shiba Inu whale transactions, consisting of at least $100,000 worth of SHIB, witnessed a spike from August. We can say that the data reached from 46 to 152 in this process.

Similarly, whale transactions, consisting of at least $1 million worth of meme tokens, rose in August. The social volume of the Shiba Inu has also witnessed many ups and downs over the past month. The key social indicator also exploded in August. However, SHIB’s social volume has been in a downward movement since August. The Shiba Inu is up 1.4% in the last 24 hours and was trading at $0.0000098 at the time of writing. With the current surge, the meme coin has regained the 14th position among the top cryptocurrencies with a market cap of $5.79 billion. SHIB’s potential bull momentum was emerging as the developers hinted at launching the Shibarium ecosystem.