{"id":2974,"date":"2023-08-09T14:13:06","date_gmt":"2023-08-09T14:13:06","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=2974"},"modified":"2023-08-09T14:13:06","modified_gmt":"2023-08-09T14:13:06","slug":"why-is-shiba-inu-price-up-today","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/why-is-shiba-inu-price-up-today\/","title":{"rendered":"Why is Shiba Inu Price Up Today?"},"content":{"rendered":"<p>Shiba Inu Price is up today. So, why? At the moment of writing, SHIB&#8217;s price equals 0.00001. For the first time, Shiba Inu was released as a meme coin after Dogecoin&#8217;s rise. The token raised to 3.000.000%.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/why-is-shiba-inu-price-up-today\/#Why_is_the_Shiba_Inu_Price_Up\" title=\"Why is the Shiba Inu Price Up?\">Why is the Shiba Inu Price Up?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/why-is-shiba-inu-price-up-today\/#Shiba_Whales_Are_Accumulating\" title=\"Shiba Whales Are Accumulating\">Shiba Whales Are Accumulating<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_the_Shiba_Inu_Price_Up\"><\/span><strong>Why is the Shiba Inu Price Up?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On August 9, the SHIB price pumped up to <strong>$0.00001005<\/strong>. The uptrend is started about 2 days ago. But the trend did not strong. That&#8217;s why the price reversed around 15% to a low of <strong>$0.0000947.\u00a0<\/strong>Shiba Inu price is not so volatile right now.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2975 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/photo_2023-08-09_17-34-38-300x148.jpg\" alt=\"\" width=\"682\" height=\"336\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/photo_2023-08-09_17-34-38-300x148.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/photo_2023-08-09_17-34-38-1024x505.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/photo_2023-08-09_17-34-38-768x379.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/photo_2023-08-09_17-34-38.jpg 1280w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><\/p>\n<p>There is some news about the meme coin. First of all, on August 8 crypto payment company <strong>BitPay <\/strong>announced &#8220;Bill Pay&#8221;. The new service enables payment with some main cryptocurrencies. Shiba Inu is one of these listed tokens. That&#8217;s why the news occurs demand to the coin.<\/p>\n<blockquote><p><strong>You might also like <a class=\"row-title\" href=\"https:\/\/coinengineer.net\/blog\/wp-admin\/post.php?post=2859&amp;action=edit\" target=\"_blank\" rel=\"noopener\" aria-label=\"\u201cOKX Exchange Registration Procedures and Usage Details!\u201d (Edit)\">OKX Exchange Registration Procedures and Usage Details!<\/a><\/strong><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Shiba_Whales_Are_Accumulating\"><\/span><strong>Shiba<\/strong><strong> Whales Are Accumulating<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to an on-chain perspective, most of Shiba Inu&#8217;s richest addresses accumulated SHIB tokens. They are accrued for two days. Notably, between 100 million-1 billion SHIB address whales are buying. 1 billion SHIB addresses (royal blue) hold 96.5% of the total supply as shown below.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2976 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/810134f9-f80f-4bdb-8575-3b1a7ba3ada2-1-300x102.png\" alt=\"\" width=\"906\" height=\"308\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/810134f9-f80f-4bdb-8575-3b1a7ba3ada2-1-300x102.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/810134f9-f80f-4bdb-8575-3b1a7ba3ada2-1-1024x347.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/810134f9-f80f-4bdb-8575-3b1a7ba3ada2-1-768x260.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/810134f9-f80f-4bdb-8575-3b1a7ba3ada2-1-1536x520.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/810134f9-f80f-4bdb-8575-3b1a7ba3ada2-1-2048x693.png 2048w\" sizes=\"auto, (max-width: 906px) 100vw, 906px\" \/><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><strong><cite>You can present your thoughts as comments about the topic. Moreover, you can follow us on <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram<\/a>, <a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>, and <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a> channels for the kind of news<\/cite><\/strong><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu Price is up today. So, why? At the moment of writing, SHIB&#8217;s price equals 0.00001. For the first time, Shiba Inu was released as a meme coin after Dogecoin&#8217;s rise. The token raised to 3.000.000%. Why is the Shiba Inu Price Up? On August 9, the SHIB price pumped up to $0.00001005. The<\/p>\n","protected":false},"author":1,"featured_media":2977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[904,906,903,902,905,907],"class_list":["post-2974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-how-to-buy-shiba","tag-is-shiba-price-up","tag-shiba-inu-price-prediction","tag-shiba-inu-price-pump","tag-what-will-be-shiba-inu-in-the-future","tag-why-is-shiba-price-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why is Shiba Inu Price Up Today? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"On August 9, the Shiba Inu price pumped up to $0.00001005. 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