![Shiba Inu [SHIB] and everything about Shiba Eternity’s global launch](https://i.headtopics.com/images/2022/10/6/cryptoamb/shiba-inu-shib-and-everything-about-shiba-eternity-shiba-inu-shib-and-everything-about-shiba-eternity-1578121709516906496.webp)
ShibaInu [SHIB] and everything about ShibaEternity's global launch
The Shiba Eternity launch did not appear to have a meaningful impact on SHIB’s price action, at press time. It traded at $0.0000114, at the time of writing, which represents a 0.26% upside in the last 24 hours.SHIB’s RSI did register a slight uptick despite the limited price upside, confirming an increase in relative strength. However, some of its on-chain metrics highlighted interesting observations that may explain the limited uptick.
While the age consumed metric does not confirm direction, the supply held by top addresses may offer some clarity. This metric revealed that the total SHIB supply held by top addresses dropped by roughly 220 billion SHIB coins from 1 October to the present.The offloaded SHIB amount equates to roughly $2.5 million at its current market value. Such an amount pales in comparison to Shiba Inu’s current market cap of $6.3 billion.
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