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Ethereum whales buying Shiba Inu can pull the cart only so far, unless….
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For Shiba Inu, the market’s second-largest meme-coin, the last 50-days have been quite rough. The alt lost over 60% price. In the last 24-hours, the asset saw the lowest price since 23 October as it traded at $0.00002824 in the late hours of December 20.
However, with Bitcoin making a move above $48K, Shiba’s price gained strength noting close to 10% gains at the time of writing. In fact ahead of the sudden gains, yet again an ETH whale bought $50,000,000 worth of SHIB fueling SHIB to the moon narratives.
The coin’s price is down 61.42% from its late October ATH. However, certain developments taking place in the Shiba Inu ecosystem have managed to keep the coin’s relevance afloat. Recently, ShibaSwap developer Eric M even gave an update on
Read more on ambcrypto.comAbout this in other media
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