Ethereum whales continue to collect Shiba Inu, purchasing 150 billion SHIBs in the last 24 hours.
62.26 billion Shiba Inu coins were burned 48 hours ago, reducing the number of tokens being distributed.
Analysts predict a continued rise in the price of Shiba Inu and set a reversal target of $ 0.00001350.
The largest wallet investors in the Ethereum network continue to collect Shiba Inu coins. The price of Shiba Inu increased by 51% last week and analysts are still cheaper in the meme framework.
The price of Shiba Inu saw a big rally last week, despite the bear market with crypto. While Bitcoin, Ethereum, Solana and other altcoins saw a decline in prices, the price of Shiba Inu continued to rise. The price of Shiba Inu has increased by 51.6% over the past seven days. Shiba-Inu-themed meme coin has become one of the most popular crypto currencies among the top 100 major investors in the Ethereum network.
Throughout the bloodbath in the crypto market, major wallet investors have accumulated Shiba Inu coins. Based on data from Whalestats, a forum for information sharing in the top 100 wallets of the Ethereum network, whales now hold 512.3 billion Shiba Inu coins.
62.26 million Shiba Inu burnt money
Based on data from Shibburn, 62.26 million Shiba Inu coins have been burned in less than 20 jobs. As the price of Shiba Inu burned increases, more coins are taken out of the vicinity and sent to dead wallets. The permanent removal of Shiba Inu coins reduces the volume of circulation, and drives a bullish feeling among the owners.
Analysts have set a target of $ 0.00001350
Analysts at Cryptopolitan reviewed the Shiba Inu price chart and saw an upward triangle pattern. The price of Shiba Inu exceeded its 50-day moving average by $ 0.00001041. Analysts believe the price of Shiba Inu may continue to rise, targeting the target $ 0.00001350.
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