SHIB Breaks Off It’s Chain Into the Top 10 Listing

Written By Guest User

  • Shiba Inu ($SHIB), the popular dog themed “meme” coin, has surpassed $DOGE in market capitalization today and is now the 9th largest cryptocurrency in the entire market.

  • On-chain data from Nansen analytics indicate that addresses listed as “smart money” have been massively buying SHIB this week, fueling the dramatic price rally. Over $160 million dollars worth of SHIB has been purchased in the past seven days.

  • Santiment, another blockchain analytics provider, indicates that SHIB transactions worth at least $1 million have been increasing since the beginning of October.

  • Google trends also reveal that China is the 2nd largest country in terms of google searches for the doggy coin, indicating that Chinese traders could be making up a major part of the trading frenzy seen this week.

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