Meme-based token Shiba Inu, which has been on the rise with the support of whales and the market, has risen 17% in one day after pulling back 10% from the top. Currently, the market appears to have more buy orders than sell orders on order books. In addition to increased purchasing power, almost 80% of investors are in profit.
The price of the meme token instantly risen by 10% after Elon Musk’s tweet, which was likened to a Shiba Inu holding a rocket.
According to on-chain data, the number of purchases currently exceeds the number of sell orders, indicating that investors in the market are looking forward to buying SHIB.
In addition to the aforementioned indicator, whale addresses began to move funds from their booming addresses.