Shiba Inu Enjoys 8% Spike In Price In Last 7 Days, As SHIB Social Media Interaction Soars

Over the past week, Shiba Inu (SHIB) surged by 8%. In fact, even though the bearish market prevails, Shiba Inu is still performing at its peak. SHIB’s social metrics up by 1.43% Despite Shiba Inu’s social dominance, ROI is down SHIB whales on a shopping frenzy Social media chatter provides that much needed oomph for Shiba Inu (SHIB), triggering a pump in prices. The amplified whale interest plus metaverse updates certainly gave SHIB that push. The increased hype around SHIB could be because of the Whalestats announcement via a tweet stating that SHIB was able to outperform other meme coins and is now on the top rank or first in terms of tokens that are held by the top 500 ETH whales. Related Reading: MANA Seen Rising 11% As Buyers Make A Recovery Attempt SHIB Enjoying A Pump In Social Media Metrics Amazingly enough, SHIB has also registered a spike of 8% in terms of social mentions plus a 10% surge in social engagements. Overall, social media sentiment circling SHIB has been positive all throughout. The chart shows that there is a market volatility seen in terms of SHIB’s social dominance which is currently at 1.43%. Chart: Santiment SHIB tokens are also increasingly burnt and stats on September 5 show that there are over 51 million SHIB tokens burned so far which gives a positive impact on the meme coin. With that in mind, SHIB tokens will also increase in value over the long haul. There is an oversupply of SHIB with its tota...