📌 257.5 billion Shibans accumulated by one whale.
– Such a large accumulation indicates a strong belief in the future potential of tokens. Market analysts interpreted this as bullish news for the Shiba community. They argue that whales make large purchases only when they want to double their investments in anticipation of a bullish price movement.
– The whales’ behavior also coincided with an increase in interest from other market participants: SHIB’s trading volume increased by 228.97% to $567.49 million. This increase in investor interest occurred despite an 8.82% drop in price over the past 24 hours; according to
CoinMarketCap, SHIB is currently trading at $00000182. Over the same period, the price of SHIB has fluctuated between a low of $000001743 and a high of $000001997.
Meanwhile, crypto analyst Ali Martinez has identified $00000185 – $000000212 as an important support zone for SHIB Inu. He claims that the price is still in the support zone. However, selling pressure has exceeded this zone.