CandleFocus Less Than One Trillion Shiba Inu (SHIB) in 24 Hours: What's Next?
2024-10-21
Author: Content Editor
The article highlights a significant decrease in the volume of large transactions in Shiba Inu (SHIB), indicating a decline in interest from major investors. The chart shows a peak of 3.22 trillion SHIB on Oct. 18, 2024, compared to the most recent figure of 925.79 billion SHIB. This decline in whale activity could have wider ramifications for the price movement of SHIB. The current stagnation or potential price decline may continue unless there is a shift in market sentiment. However, a rebound in volume, particularly from institutional or whale investors, could spark renewed interest and a new upswing. The immediate future of SHIB is uncertain, and a cautious market may prevail without significant whale participation.
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