Tag: Shiba Inu (SHIB)

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The Rallies of Shiba Inus are heavily influenced by the decisions of eight crypto whales.

Shiba Inu (SHIB) is a Dogecoin (DOGE) spin-off that began as a joke but has since grown in popularity to the point that it now has a market capitalization equal to DOGE. Despite the fact that the week did not start off well for SHIB, as Tesla and SpaceX CEO Elon Musk appeared to publicly reject the decentralized token in favor of DOGE, on-chain data suggests that a few whales may be mostly responsible for the meme coin's latest climb.
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