Jul 19, 2022 03:00AM ET
By: AnalysisWatch
The SHIB has recently noted an increase in crypto whale activity.
Despite the sell-off by the whales, the price of SHIB is still in the green over the past 24 hours.
Currently, the price of SHIB is $0.00001181.
Shiba Inu, the popular meme token, has seen an increase in crypto whale activity recently.
According to data published by crypto tracker WhaleStats, SHIB has made its way into the top 10 in trading volume among the 100 largest ethereum whales over the past 24 hours.
At the time of writing, SHIB's average trade volume is $12,463, with an average quantity of around 1,100,000,000 SHIB. This ranks it 8th on the list of cryptotracker whales. The top three cryptocurrencies on the list are Ethereum, USD Coin, and Tether.
The whale tracking also shows that SHIB is on the list of the top 10 best-selling tokens among the top 100 ETH whales and is ranked number 7 on the list below Polygon and one position above ApeCoin.
Despite the sell-off by the whales, SHIB's price is still in the green over the past 24 hours, according to CoinMarketCap.
At the time of writing, the price of SHIB was 0.00001181 USD. This comes after a 24-hour increase of about 4.96% and an hourly increase of 1.83%. The 24-hour and hourly price increases of SHIB added to its weekly gains, bringing the total weekly increase to 11.84%.
The SHIB price posted a 24-hour high of USD 0.00001243 and a 24-hour low of USD 0.00001114.
Thanks to the participation of ETH whales, SHIB's trading volume increased by 216.07% over the last 24 hours, bringing the total daily trading volume to USD 919,197,704.