Shiba Inu metrics are so divergent that growth can be influenced in either direction
For instance, while the Shiba Inu price has slumped in the short term, ecosystem bulls are still accumulating the coin on trading platforms across the board. At the time of writing, a total of $160.3 million of SHIB tokens had been traded over the past 24 hours, a figure that represents a 78.59% jump.There are other crucial on-chain statistics that show the share dominance by both the market bulls and bears within the Shiba Inu ecosystem.
While the social sentiment of the digital currency, according to data from crypto analytics platform IntoTheBlock , shows it is bearish for now, other relevant stats, including the large transaction count, have been on the rise over the past few weeks.earlier by U.Today, these large transactions soared by 229% earlier this week to sustain the sentiment that SHIB is still a favorite of big money holders.
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