SHIB Up 35%, DOGE Up 32% in Network Activity Over 10 Days

SHIB Up 35%, DOGE Up 32% in Network Activity Over 10 Days

• The network activity for Dogecoin (DOGE) and Shiba Inu (SHIB) has been on the increase.
• ETH whales have been making it a priority to stock up on SHIB over the last month.
• The number of DOGE addresses now stands at 4,221,710.

Santiment revealed in a tweet on June 29 that the network activity for Dogecoin (DOGE) and Shiba Inu (SHIB) has been on the increase. Over the past ten days, DOGE’s network activity is up by 32% and SHIB’s activity is up by 35%.

Dogecoin and Shiba Inu Active Addresses. (Source: Santiment)

Recent data has indicated that ETH whales have been making it a priority to stock up on SHIB over the last month. SHIB was also able to surpass USDT to be one of the top 3 most held tokens amongst the richest ETH whales.

In terms of SHIB’s holders, the meme coin was doing well at the beginning of June and stood at 1,198,532 holders on June 3. The very next day, on June 4, SHIB’s holders fell to 1,174.956, according to CoinMarketCap.

Since then, the amount of SHIB holders has seen a steady increase throughout the whole of June. Today the number of SHIB holders stands at 1,189,250.

SHIB’s 24-hour trading volume is up 13.70% and is currently standing at $574,304,919. The meme coin is now trading at $0.000009928after a 0.45% increase in price over the last 24 hours.

DOGE’s 24-hour trading volume is also currently up about 18% and now stands at $605,771,427. After reaching a high of $0.07134, DOGE is currently trading at about $0.06497 after a 1.63% decrease in price.

According to CoinMarketCap, the number of DOGE addresses now stands at 4,221,710.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies

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