While the transactions might not be enough to drive SHIB to a double-digit rally, it was effective in other areas. Recall that several tokens hadNow, SHIB investors may revel in the fact that the meme was back in the fold. At press time, WhaleStats
that SHIB was sixth on the standings with over $1.37 million accumulated in the last 24 hours. At large, SHIB tokens held by ETH whales had amounted to $137.45 million.Whether this accumulation should excite retail investors or not, other metrics have their roles to play. As per the thirty-day Market Value to Realized Value ratio, it wasAt this position, SHIB’s possibility of hitting two times its current value was far from happening. Unfortunately, the SHIB social dominance was 0.
On the other hand, the social volume of SHIB showed that the token search had increased and interest had not fully dwindled.Additionally, the improved social volume was not an assurance that the short-term momentum will improve. Well, onRead the best crypto stories of the day in less than 5 minutes