Shiba Inu, a meme coin with a growing fanbase, has attracted significant attention in the cryptocurrency community. Alongside Dogecoin, it has become a noteworthy contender, and the SHIB team has been proactive in various community endeavors.
In particular, these initiatives, including the much-awaited Shibarium, have contributed to the increase in the price of Shiba Inu. The latest data from IntoTheBlock has revealed that there has been a whopping accumulation of 11.11 trillion SHIB in the last 48 hours.
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Shiba Inu whales accumulate in anticipation of Shibarium
On Saturday, the Shiba Inu ecosystem experienced a significant transformation. The number of SHIB flowing into whale wallets increased dramatically by 3,148% compared to the previous day.
Coinciding with this surge in influx, there was a corresponding decline in outflows from the wallets of prominent Shiba Inu investors. Within a 24-hour period, there was a remarkable 94.61% drop in the value of outflows. This reduced the amount from 7.21 trillion SHIB to just 388.07 billion SHIB.
CoinMarketCap data shows that SHIB is the only coin trading in the green in comparison to its performance over the last seven days. SHIB is up by 6.3% in the last seven days and is trading at $0.000009003 at press time.
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