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HomeCrypto NewsShiba InuSHIB Price Spiked Nearly 30%; Excitement Among Holders

SHIB Price Spiked Nearly 30%; Excitement Among Holders

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Shiba Inu’s team congratulates holders after SHIB increased by almost 30% in response to the latest price hike.

Shiba Inu has experienced an incredible rally over the last few days, delighting SHIB fans who have patiently waited for this price increase. 

Shiba Inu’s creators joined locals in responding to SHIB’s impressive rally over the weekend.

On February 4, a tweet from Shiba Inu’s official account featured a picture of the cryptocurrency’s mascot holding and proudly showing off a trophy.

The team’s message excited the community because it was seen as a gesture to thank them for continuing to hold onto SHIB over the crypto winter.

“Congrats to everyone that held onto their SHIB. We’re just getting started,” stated well-known Shiba Inu influencer JD Updates.

SHIB Ranks Among Top Gainers 

On February 4, the price of the cryptocurrency asset increased by almost 30%, placing it among the top gainers in the market for cryptocurrencies worldwide. 

On February 4, Shiba Inu rose as high as $0.00001590, according to information from CoinMarketCap. 

Shiba Inu now has an $8 billion market cap and is ranked 12th after DOT and LTC.

Shibarium, the forthcoming layer-2 network for the Shiba Inu, may have led to a sharp increase in SHIB’s price. 

It was noted that on the day SHIB rose approximately 30%, the price of Bone ShibaSwap (BONE) also shot up 40%.

Furthermore, the current rally in SHIB may have been greatly influenced by the enormous whale interest in Shiba Inu. 

Whales that trade in cryptocurrencies have recently expressed much interest in the token with a dog motif. 

Shiba Inu tokens are collectively valued at $630 million by the top 100 ETH whales, as was previously stated

The top 100 ETH addresses on February 4 had a staggering $631,233,793 in SHIB, according to information provided by WhaleStats.

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