{"id":250150,"date":"2022-08-04T05:00:58","date_gmt":"2022-08-03T23:30:58","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=250150"},"modified":"2022-08-04T00:49:03","modified_gmt":"2022-08-03T19:19:03","slug":"shib-tops-the-top-5000-eth-whales-but-heres-an-issue","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/shib-tops-the-top-5000-eth-whales-but-heres-an-issue\/","title":{"rendered":"Is Shiba Inu ETH whales&#8217; favorite? Price action could be key"},"content":{"rendered":"<p>Bear markets come and go, but investors&#8217; love for SHIB remains forever. Well, that&#8217;s exactly the case here as we see Shiba Inu&#8217;s yet another bond with dominant buyers.<\/p>\n<p><strong>Slowly and Steady\u00a0<\/strong><\/p>\n<p>The #15th ranked cryptocurrency saw a fresh 3% surge at press time as it traded at $0.00001. Even the total market capitalization rose by 3.5% on CoinMarketCap. This spark does, indeed, point towards a potential bullish bias that might continue in the coming days.<\/p>\n<p>Well, the popular meme coin did showcase some recovery, especially in monthly transactions. SHIB transactions in July 2022 stood at 211,833- a gain of 34% from the 15-month low value of 157,889 recorded in June, according to <a href=\"https:\/\/bloxy.info\/address\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">statistics<\/a> from the blockchain analytics website bloxy.info.<\/p>\n<figure id=\"attachment_250159\" aria-describedby=\"caption-attachment-250159\" style=\"width: 1457px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.38.55-PM.png\"><img decoding=\"async\" class=\"wp-image-250159 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.38.55-PM.png\" alt=\"\" width=\"1457\" height=\"489\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.38.55-PM.png 1457w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.38.55-PM-300x101.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.38.55-PM-1024x344.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.38.55-PM-768x258.png 768w\" sizes=\"(max-width: 1457px) 100vw, 1457px\" \/><\/a><figcaption id=\"caption-attachment-250159\" class=\"wp-caption-text\">Source: bloody.info<\/figcaption><\/figure>\n<p>Notably, the hike wasn&#8217;t significant enough compared to the last year.<\/p>\n<p>Moreover, to support this incline, even keyword searches on Google Trends highlighted a good cause. Here&#8217;s the graph below over the 90-day mark.<\/p>\n<figure id=\"attachment_250162\" aria-describedby=\"caption-attachment-250162\" style=\"width: 2302px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM.png\"><img decoding=\"async\" class=\"wp-image-250162 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM.png\" alt=\"\" width=\"2302\" height=\"787\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM.png 2302w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM-300x103.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM-1024x350.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM-768x263.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM-1536x525.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-03-at-3.45.18-PM-2048x700.png 2048w\" sizes=\"(max-width: 2302px) 100vw, 2302px\" \/><\/a><figcaption id=\"caption-attachment-250162\" class=\"wp-caption-text\">Source: Google Trends<\/figcaption><\/figure>\n<p>The said surge brought much-needed relief for the network and therefore the related token. Consider this, just a week ago, global Google search queries for the keyword \u2018Shiba Inu\u2019 dropped to the lowest level in over a year for 12 months.<\/p>\n<p>The community even saw the latest development as a medium to cherish the pup. Herein, developers behind the popular meme cryptocurrency Shiba Inu\u00a0<a href=\"https:\/\/twitter.com\/Shibtoken\/status\/1554303685043306496?s=20&amp;t=SUwGsnS_sSoZYwAWnRjw7g\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\">unveiled<\/a> the name of its long-awaited CCG game.<\/p>\n<p>According to the <a href=\"http:\/\/ambcrypto.com\/will-shiba-inus-shiba-eternity-game-help-shib-ascend-price-chart\/\">announcement<\/a>, the game, called \u201cShiba Eternity\u201d was made available to players on the Apple app store and Google play store.<\/p>\n<p>This coupled with the aforementioned developments helped the trading volume to go up.<\/p>\n<figure id=\"attachment_250163\" aria-describedby=\"caption-attachment-250163\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022.png\"><img decoding=\"async\" class=\"wp-image-250163 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/SHIBA-INU-SHIB-15.49.13-03-Aug-2022-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-250163\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>As per Santiment, an analytic platform, the trading volume rose to the 360.9 million mark, on 3 August.<\/p>\n<p><strong>Burn me<\/strong><\/p>\n<p>A hike in demand generally goes hand-in-hand with SHIB&#8217;s burning mechanism. But, that wasn&#8217;t the case here. According to Shibburn portal, 1.13 billion SHIB were destroyed over the past week. I<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">n the past 24 hours, a total of 58,217,926 <\/span><span class=\"r-18u37iz\">SHIB<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> tokens were <a href=\"https:\/\/twitter.com\/shibburn\/status\/1554678465466695682\">burnt.<\/a><\/span><\/p>\n<p>However, it represents\u00a0only 0.0002% of the circulating volume of the token supply, which is estimated at 550 trillion coins ($13,500 in fiat equivalent).<\/p>\n<p>That being said, SHIB topped the charts amongst t<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">he top 5000 <\/span><span class=\"r-18u37iz\">ETH<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> whales as seen in the tweet below.\u00a0<\/span><\/p>\n<p>https:\/\/twitter.com\/WhaleStats\/status\/1554650345321762817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1554650345321762817%7Ctwgr%5Ed41dfca01a74213b4f0620a8b3267903ee74267e%7Ctwcon%5Es1_&#038;ref_url=https%3A%2F%2Ftwitter.trello.services%2Ftweets.html7B22secret223A22nolngAq4CqgPM2ZDaxfBfZIuY42OGxFoqu0nnoYrMs2lkwZBBbYohEoglJzU8GUW222C22context223A7B22version223A22build-176757222C22member223A2260597eaeb2d1b213ebb1b807222C22permissions223A7B22board223A22write222C22organization223A22read222C22card223A22write227D2C22organization223A2260fe1fbdb5fb7109a31d039b222C22board223A2261156304430c673037245e98222C22card223A2262e9ef9ec96b106e22eb8df6222C22command223A22attachment-sections222C22plugin223A2255a5d917446f51777421000b227D2C22locale223A22en-US227D<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bear markets come and go, but investors&#8217; love for SHIB remains forever. Well, that&#8217;s exactly the case here as we see Shiba Inu&#8217;s yet another bond with dominant buyers. Slowly and Steady\u00a0 The #15th ranked cryptocurrency saw a fresh 3% surge at press time as it traded at $0.00001. Even the total market capitalization rose<a href=\"https:\/\/ambcrypto.com\/shib-tops-the-top-5000-eth-whales-but-heres-an-issue\/\">Continue reading <span class=\"sr-only\">&#8220;Is Shiba Inu ETH whales&#8217; favorite? Price action could be key&#8221;<\/span><\/a><\/p>\n","protected":false},"author":68,"featured_media":250165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-250150","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is Shiba Inu ETH whales&#039; favorite? Price action could be key - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The #15th ranked cryptocurrency saw a fresh 3% surge at press time as it traded at $0.00001. 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