Shiba Inu Coin News: Global digital asset market cap registered a slight drop on Friday after the biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) prices saw a decline. However, Shiba Inu (SHIB), the second largest meme crypto has managed to surge while other top digital assets printed red indexes.
Shiba Inu price up by 50%
Shiba Inu Coin price have decoupled from the ongoing market sentiments. SHIB price has jumped by a whopping 5% over the last 24 hours. However, Shiba Inu price has registered a surge of 50% in the last 30 days. While Dogecoin (DOGE) price moved up by 27% in the same period.
As per the data, Shiba Inu coin broke out the price resistance level fixed at $0.00001278. This breakout helped SHIB token to jump amid the increased selling pressure. Shiba Inu is trading at an average price of $0.000013, at the press time. However, its 24 hour trading volume has jumped by 86% to stand at $638 million.
5 trillion SHIB moved
As per the data provided by WhaleAlert, Binance, the world’s largest crypto exchange has moved more than 5 trillion Shiba Inu Coin in multiple transactions. More than $62 million worth of SHIB was moved to an unknown wallet. However, Binance hasn’t made any comment regarding this massive movement.
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