Shiba Investor Interest Grows
On the other hand, on-chain metrics related to Shiba Inu indicate a significant increase in investor interest and market attention surrounding SHIB, further fueled by the whale’s accumulation. SHIB is currently trading at $0.00002833, up 1.8% in the last 24 hours at the time of writing. This price movement follows the whale-level investor’s significant accumulation and further increases optimism surrounding the altcoin’s future performance.
In parallel, derivative data also signals a strong bullish trend for SHIB. Indicators such as open interest and trading volume show notable increases, confirming this trend. According to data provided by Coinglass, SHIB’s open interest in derivatives increased by 2.06% in the last 24 hours, while trading volume surged by 34.97%.
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