CandleFocus 100 More Shiba Inu (SHIB) Whales in 24 Hours: What's Happening?
2024-11-04
Author: Content Editor
Shiba Inu (SHIB) has been gaining attention for its on-chain data rather than its price increase. Despite its low volatility and subdued price activity, there have been a significant number of transactions by major holders or whales, indicating that they may be preparing for a future price recovery. While the current price performance of SHIB is poor and stagnant, the involvement of major investors suggests a potential bullish movement in the future. However, patience is necessary as the token lacks immediate catalysts for a sharp price increase. The continuous whale activity showcases the resilience of SHIB and its ability to attract attention if market conditions improve.
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