• Compound and Shiba Inu ranked first and sixth in the latest trend rankings on Lunar Crush.
• Santiment showed a surge of whale transactions exceeding $1 million for SHIB on 7 and 8 July, which coincided with an impressive value increase of 6.7%.
• The respective trends of these tokens appear to be diverging as their stories unfold.
Compound (COMP) & Shiba Inu (SHIB) Share Spotlight
Lunar Crush’s latest trend ranking unveiled a captivating presence of Compound [COMP] and Shiba Inu[SHIB] within the prestigious top 10. Despite their shared spotlight, these tokens and projects gleamed brightly for distinct reasons, as outlined by their unique metrics.
Compound and Shiba Inu Trends
Lunar Crush’s post on 9 July highlighted the impressive positions attained by Compound (COMP) and Shiba Inu (SHIB) in their trend ranking. COMP secured the coveted first place, while SHIB claimed the sixth spot. This ranking served as a reflection of the tokens that were currently experiencing significant attention on the platform.
Shiba Inu’s Key Metric
Analyzing Shiba Inu’s key metric, it was observed that a surge occurred on 7 and 8 July with seven whale transactions taking place each day-representing the highest number within two months. SHIB responded positively to these occurrences, witnessing an impressive value increase of over 6.7%. However, this positive momentum appears to have receded since then with only one transaction recorded on 10 July.
The trajectories of Compound (COMP) and Shiba Inu (SHIB) appear to be diverging as their stories unfold-with COMP continuing its commanding presence at the summit while SHIB has slipped from its previous spotlight position within Lunar Crush’s rankings.
Compound (COMP) and Shiba Inu(SHIB) share an intriguing spotlight within Lunar Crush’s trend ranking; however, despite this shared limelight they gleam for distinct reasons due to unique metrics associated with them both -indicating a divergence in their respective trajectories as time passes by.