• Shiba Inu price has experienced a 20% surge this week, trading at $0.00001140.
• Ethereum whales have been focusing on SHIB, with it becoming the most traded token among the top 100 Ethereum whales.
• WhaleStats data revealed that Shiba Inu was one of the most used smart contracts among the top 100 Ethereum whales over 24 hours.
This week, Shiba Inu (SHIB) has seen a massive surge in its price, with the meme coin netting 20% in gains. The token is now trading at $0.00001140, after it broke past the support at $0.000008 and achieved a new 2023 high of $0.00001291. Despite a small retracement, the token is still set up for another possible surge up to $0.000014 and $0.000018 in the coming days.
The surge in Shiba Inu’s price has caught the attention of Ethereum whales, who have been focusing on SHIB. According to WhaleStats, a platform tracking crypto whales, Shiba Inu has toppled Curve DAO (CRV) as the most traded token among the top 100 Ethereum whales. This implies that investors are taking an increasing interest in the meme coin and its potential to offer high returns.
WhaleStats data also revealed that Shiba Inu was one of the most used smart contracts among the top 100 Ethereum whales over 24 hours. Hashflow (HFT) emerged top in this category, above Numeraire (NMR), SHIB, Chiliz (CHZ), and Boba Network (BOBA). This shows that investors are increasingly turning to Shiba Inu to gain exposure to the crypto market, as the token continues to experience significant growth.
Given the current momentum and the increased interest from Ethereum whales, Shiba Inu may be the best coin to buy in crypto right now. The token has already experienced a massive surge this week, and is expected to experience further growth as more investors start to take an interest in it. As such, investors should take a closer look at Shiba Inu and assess its potential for returns.