After reaching a low of $0.0000117 on February 9, Shiba Inu was able to close in the green on February 10 as investors rushed to purchase the coin.
On Friday, the SHIB price printed a green candle and reached intraday highs of $0.00001336. This is noteworthy since the majority of cryptocurrencies continued to drop. At least twice in 2022, the range of $0.0000115 to $0.0000127 functioned as a “trigger point” for the SHIB price, in August and October.
At the time of writing, some of these gains have slowed, and SHIB was trading at $0.00001255, up 1.12%.
Shiba Inu was among the top 10 tokens acquired by the 100 largest ETH whales during the last 24 hours, according to WhaleStats statistics.
Shiba Inu maintained its position as the most valuable token in terms of cash value as investors evaluated its forthcoming developments, particularly with the Layer 2 Shibarium.
The average SHIB balance and value of the holdings of the top 100 Shiba Inu holders monitored by WhaleStats have increased by 0.126% and 3.65%, respectively, during the last 24 hours. Given that these top holders own billions of tokens, the marginal boost to their balances may be beneficial.
Additionally, the number of active addresses for these holders is up 7.14 percent. According to statistics from WhaleStats, the overall number of Shiba Inu owners has surpassed a new threshold, hitting 1,302,910.
64% of these individuals are long-term holders, or “hodlers,” which is an indication of optimism. Stakecube, a centralized exchange located in Germany, has listed Shiba Inu (SHIB). The exchange made this information public on Twitter.
The exchange added, “SHIB is officially listed, and trading pairs will be accessible shortly.” This week, on-custodial cryptocurrency exchange aggregator Swapzone announced support for all three coins of the Shiba Inu ecosystem: SHIB, BONE, and LEASH.
