Shiba Inu’s Potential Breakthrough: Factors Behind the Hype

Shiba Inu’s Potential Breakthrough: Factors Behind the Hype

Shiba Inu whales bought over 100 million dollars worth of SHIB in the past week. Learn what it means for the future of the SHIB token in the article.
The crypto market is getting back on track, with assets like Shiba Inu attracting traders. The meme coin has been quiet for a while, but its latest Shibarium launch has shifted the market tides.
Ever since the launch of Shiba Inu’s L2 blockchain, the network has garnered massive adoption. The blockchain managed to cross one million wallet addresses and transactions within days of its launch.
Currently, the network has 1,118,026 wallet addresses affiliated with it. Similarly, Shibarium has recorded over 1,173,231 transactions till now. The massive numbers have resulted in SHIB making a comeback in the market. 
New Report Shows SHIB Whales Holding the Meme Coin
A new report by IntoTheBlock recently revealed that Shiba Inu whales went on a buying spree in the previous week. The data shared by the market intelligence platform showed that l

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