Shiba Inu secures a spot among the top gainers amid an accumulation campaign that has seen shark and dolphin addresses amass 1.11 trillion SHIB since June. Shiba Inu has slipped into the top gainers’ list among the 100 largest crypto assets in the past 24 hours. This bullish situation has materialized amid a massive accumulation […] The post Shiba Inu Now Among Top Gainers as Addresses Amass 1.11T SHIB Worth $9M first appeared on The Crypto Basic.

Shiba Inu Now Among Top Gainers as Addresses Amass 1.11T SHIB Worth $9M

Shiba Inu secures a spot among the top gainers amid an accumulation campaign that has seen shark and dolphin addresses amass 1.11 trillion SHIB since June.

Shiba Inu has slipped into the top gainers’ list among the 100 largest crypto assets in the past 24 hours. This bullish situation has materialized amid a massive accumulation trend observed among shark and dolphin addresses since June.

Santiment, a leading crypto behavior analytics platform, disclosed in a recent tweet that shark and dolphin wallet addresses, holding 10 million to 1 billion SHIB, have accumulated 1.11 trillion SHIB worth $9 million in just under eight weeks. The tweet had erroneously stated that these addresses hold up to 100 billion SHIB.

Santiment’s accompanying  chart  indicates that accumulation began after a period of distribution. As Shiba Inu’s price dropped from the $0.00001 territory in mid-May, it found a range between $0.000008628 and $0.000009, triggering selloffs that persisted throughout the rest of May.

...

Read more