• Shiba Inu (SHIB) price has surged 20% this week to a new 2023 high of $0.00001291.
• Ethereum whales have been zeroing in on Shiba Inu, with it becoming the most traded token among the top 100 Ethereum whales.
• Hashflow (HFT) emerged as the most used smart contract among the top 100 Ethereum whales over 24 hours, with Numeraire (NMR), Shiba Inu (SHIB), Chiliz (CHZ), and Boba Network (BOBA) also on the list.
The meme coin Shiba Inu (SHIB) has been on a roll this week, with its price surging by 20% to a new 2023 high of $0.00001291. This massive rally has been backed by increasing investor interest, as evidenced by it becoming the most traded token among the top 100 Ethereum whales.
According to WhaleStats, a platform tracking crypto whales, Shiba Inu was the most traded token among the top 100 Ethereum whales earlier today. This means that there is a lot of interest in the meme coin, with investors looking to cash in on its potential gains.
The top 100 Ethereum whales have also been zeroing in on Shiba Inu, with it taking the lead over Curve DAO (CRV). However, Hashflow (HFT) was the most used smart contract among the top 100 Ethereum whales over the last 24 hours. Numeraire (NMR), Shiba Inu (SHIB), Chiliz (CHZ), and Boba Network (BOBA) also featured on the list.
Following the rally, Shiba Inu has seen a minor retracement, with it currently trading at $0.00001140. If investors continue to cash out for profits, the coin may be forced to find refuge at $0.00001050 ahead of another potentially massive rally to $0.000014 and $0.000018 in the coming week.
The spotlight is firmly on Shiba Inu, with investors keen to capitalize on its potential gains. The meme coin has seen a massive surge in interest in recent weeks, and it looks like it could be the best coin to buy in crypto right now.
However, as with any investment, it is important to do your research and understand the risks involved. With the crypto markets ever-volatile, investors should ensure they are making informed decisions and have a clear, long-term strategy before investing in any cryptocurrency.