Shiba Inu

Shiba Inu price drops nearly 13%, but fundamental growth remains on track

Sensational doge coin rival Shiba Inu has seen a 12.83% price correction in the last 24 hours, but its fundamental growth remains unscathed.

This is according to information from intotheblock, a world-leading provider of advanced crypto-asset indicators.

RELATED: Shiba Inu partners video game expert to launch its NFT game

Newsbsc Shiba Inu

The data from intotheblock confirms that 69% of Shiba Inu hodlers are in profit. Also, the token is also witnessing large investments from whales.

In the last one week, the amount realized from large transactions (above $100,000) sits at $4.6 billion.

In summary, the overall outlook for the memecoin remains bullish, citing the on-chain signals and other indicators provided by intotheblock.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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