Shiba Inu (SHIB) Price Tanks 8% After Shibarium Launch
Shiba Inu (SHIB) Memecoin Shiba Inu (SHIB) has been on the radar of crypto traders with its price making strong gains in August this month. However, the SHIB price has entered into a strong retracement, and at press time, it’s trading 8% down at a price of $0.000009304 with a market cap of $5.4 billion. advertisement There’s a notable rise in the number of transactions involving Shiba Inu that are valued at $1 million or more. Despite its significant surge in the early part of August, much of SHIB’s large wallets are now conducting substantial transactions as its price has retraced. Currently, SHIB experienced an 8.6% increase in August. Courtesy: Santiment Interestingly, the price action has been heading lower despite Shiba Inu’s Shibarium going live hours ago. It’s a classic case of buy the rumor sell the news event. XRP Network Whale Activity After major price gains in July following the XRP lawsuit, the XRP price has undergone...