Kishu Inu appears to be making a comeback after a period of lag in the market. Kishu Inu is on its way back to the top 10 tokens purchased by the 1000 largest Ethereum (ETH) whales, according to data published by Whalestats.
In the previous 24 hours, the meme currency has increased by 8%. Kishu Inu was trading at $0.00000000208 at the time of publishing.
Examining Kishu Inu performance in greater detail
Despite the fact that Kishu Inu was among the top ten currencies purchased by the top 1000 Ethereum (ETH) whales, a closer look reveals that the coin lacks confidence.
The token’s volume among the top ETH whales increased by 22.93 percent, hitting $93,553, according to statistics provided by Whalestats. It had 5 active addresses, which had increased by 25%. Its Netflow, on the other hand, has dropped by 327.22 percent in the last 24 hours. This would indicate that a conventional pump and dump fueled the increase in purchases.
The top 100 holders’ transaction chart also showed a shift from holding to selling.
Kishu Inu made headlines in 2021 when it provided incredible returns to its investors, with a return on investment (ROI) of 467%. Those who had missed out on Doge, Shiba Inu, and Floki thought Kishu Inu would be their big break in the market. Early investors who jumped on board during the company’s early days had seen their assets increase by +19,000% by the last week of October 2021. However, for many, things did not go as planned, as the coin’s value plummeted in the weeks that followed. The coin has lost 88.2% of its value since its all-time high in May of 2021.
For quite some time, the coin has been dormant. Being back in the top ten most acquired tokens will rekindle some of the excitement, but it may be fleeting, since a negative net flow does not inspire much confidence.
On the 17th of January, 2022, Kishu Inu released its second trailer for the Kishu Inu Verse, announcing that utilities and use cases would be announced soon. Since then, no further information has been revealed.
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