Shiba Inu bulls recently procured a substantial amount of the dog-themed token as the recent recovery finally flips October green.

Data from on-chain intelligence resource IntoTheBlock confirms that the Shiba Inu bulls (addresses who traded up to 1% of the 24-hour volume) procured 2.95 trillion SHIB tokens in a single day. This buy volume, which occurred on Oct. 16, is worth $53 million at an average price of $0.00008 per SHIB.

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