Shiba Inu (SHIB) is the fourth most traded cryptocurrency today, according to whale detective WhaleStats data. The popular meme coin is outpacing Ethereum (ETH), USDC, and Tether (USDT) by 24-hour trading volume. But whales continue to show more and more interest in SHIB. Here are the latest movements of altcoin whales…
Leading altcoin amassed the most volume in 24 hours
According to December 12 data, the list of the most traded cryptocurrencies in the last 24 hours is as follows. Ethereum, USDC, USDT, Shiba Inu and Polygon are in the top 5 rankings of the list. What stands out in this ranking is that Shiba has seen more demand in 24-hour trading volume than in the past days, as we have reported as Somanews. Following this activity, some Binance Coin whales are also observed to purchase SHIB. But so far, the meme coin has not gained any strong momentum. Shiba has been trading below a falling resistance line since Oct.
Shiba Inu (SHIB), which ranks 13th by market capitalization, is trading at $0.00003400, down 9.25% in the last 7 days, with an intraday constant price, according to CoinMarketCap data. According to WhaleStats data, there are a total of 1,049,943 wallets dividing their supply to SHIB, and 100 of them are known to be whale wallets. SHIB also came up with the possible $290 million acquisitions of Robinhood exchange. Since a large portion of the meme coin supply is held by a handful of wallets, it could significantly affect its price if it were to be sold.