Shiba Inu posted a teaser on their Twitter account on Tuesday, in which they called for their “ShibArmy” and teased them with some major announcements that could happen on 30th of March. It is known that company made some crucial developments in a project they have been working on since the start of this year – Shibverse, which is a meme-themed metaverse. That is the reason that many followers and fans of Shiba Inu coin believe, that announcement will have something to do with this.
The speculation was even stronger because of the data, which showed, that SHIB coins are largely accumulated and traded, because Ethereum Whale accumulated over 200 billion Shiba Inu tokens, which are worth nearly 5 million dollars. This accumulation brought SHIB token to a worth of approximately 14,5 million dollars.
On Monday, earlier this week, SHIBA saw 18% surge, because in lees than 24 hours the trading volume was 3,8 billion dollars, which returned 15th place of the biggest cryptocurrencies to this token, with around 15 billion dollars market capitalisation.
Shiba however is still 67,7% down from its all-time high, which was at the price of 0,000088 dollars in the end of October last year.
Movement of Shiba Inu since coming to the market. (Source: Tradingview)
Sources:
https://www.tradingview.com/chart/?symbol=FTX%3ASHIBUSD
https://www.analyticsinsight.net/will-shiba-inu-emerge-as-the-biggest-winner-of-2022-know-here/