“SHIB rises strongly as whales take center stage.”

Shiba Inu owner's well-being increases

Amid a broader market rally, the second-largest meme coin, Shiba Inu [SHIB], rose 118% this week, its highest level since May 2022, according to CoinMarketCap.

The price increase caused a significant increase in the network's overall profitability. AMBCrypto analysis of Santiment data shows that SHIB holders' unrealized gains averaged over 31% at the time of publication.

Very good! I would like to start by saying that the recent improvement in Shiba Inu price is part of a larger trend that includes other cryptocurrencies and may be the beginning of a bull market. In fact, the prices of many cryptocurrencies have increased in recent days, including Bitcoin, Ethereum, and Dogecoin.$SHIB $PEPE