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The price of Shiba Inu (SHIB) has risen by 19% in the last 24 hours to reach $0.00001337 amid a 6% recovery in the crypto market. However, the price of this meme coin is still down 20% over the week after yesterday's digital currency market had one of its worst-performing days in several years.
On the other hand, the price of SHIB coin has recorded a monthly decrease of 18% while maintaining a yearly gain of 39%, despite its recent poor performance. Yesterday's decrease in the price of SHIB has led to an increase in its large transactions, and it seems that the whales - or major investors - have taken advantage of the price drop to buy this currency, causing the value of SHIB to rise again.