March proved to be a tumultuous month for the cryptocurrency ecosystem. With volatility written all over the market, several assets benefited from asset highs and lows. At the same time, the social volume and presence of these cryptocurrencies also followed suit. As the month progresses, Lunar Crush shared a chart showing Bitcoin’s social rise [BTC]Etherium [ETH]and others while meme coins like Shiba Inu [SHIB] left behind.
As can be seen in the chart above, Bitcoin led the rest of the assets as the king coin surged to a high $29,159 this month. Ethereum’s Shapella upgrade allowed the asset to take second place on the list. Surprisingly, Chainlink [LINK] took over third place. The intensified development and whale activity have put the crypto asset on the map.
Meme Coins Dogecoin [DOGE] and Shiba Inu sat in the backseat. Despite the recent adoption of burger king, Dogecoin failed to make the top five. Shiba Inu, on the other hand, experienced a major upgrade this month. The long awaited Shibarium beta version was finally launched in March. Unfortunately, it created an unfavorable buzz around the SHIB ecosystem, which didn’t seem to help the asset. However, “SHIB” entered the top five most used crypto hashtags in the market in March.
So how was March for Shiba Inu?
Despite several developments in its network, the price of the asset fell as did its social volume. Last month, SHIB was down more than 11%. Shiba Inu’s monthly high was $0.00001242 and its low was $0.000009728.
At the time of writing, the asset was trading at $0.00001058 with a daily drop of 0.26%. Nevertheless, whales in the market seemed quite interested in the meme coin. According to WhaleStats, an ETH whale passing “BlueWhale0073went on to buy 99,297,904,247 SHIB tokens for $1.05 million.
In addition, Shiba Inu seemed quite popular among ETH whales.