ETH whales holding SHIB stay undefeated but 350% accumulation...
volume into SHIB lately. However, it has been in swinging mode with no stable directional momentum.
On 1 August, it was as high as 643.32 million. However, it went on a downward trend to reach 357.60 million on 5 August. While traders might have hoped for another volume uptick, it went further down to 197.21 million yesterday .The ups and downs also affected the SHIB social dominance—skyrocketing and declining in intervals. At press time, both the volume and social dominance had increased, leading SHIB to a 0.10% price uptick.
One surprising aspect is how a 350% volume increase in the last 24 hours only offered a negligible price increase. Another confusion that may have held SHIB investors in awe is the active deposits and addresses. DataAccording to Santiment, the last time SHIB 24-hour active addresses surged was on 2 August, when active addresses almost hit 21,000. As for active deposits, it was not encouraging for investor expectations.Based on the SHIB four-hour chart, there seems to be some hope for a sustainable rally. After hitting $0.000013 on 20 July, SHIB has not maintained green levels for long.
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