SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

Posted on by American Coins & Gold

SHIB Flippened DOGE With 0M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows
Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday, according to data from CoinGecko.Both coins now have a market cap of over $31 billion and are toggling between 10th and 11th on CoinGecko’s rankings page.Blockchain data shows that while SHIB continues to attract retail investors around the globe, more-sophisticated crypto traders are fueling the latest rally.Since the beginning of this week, addresses labeled as “smart money” by blockchain data firm Nansen, started buying up SHIB, according to Daniel Khoo, a research analyst at Nansen. The buying was mostly concentrated in the past seven days, worth…