CandleFocus Shiba Inu (SHIB) Whales' Strategy Revealed: Here's What Major Investors Are Doing Right Now
2024-11-18
Author: Content Editor
The price of Shiba Inu (SHIB) has surged by over 80% in a week, leading to speculation about what's next for the popular meme-inspired cryptocurrency. While it is difficult to predict the future in the volatile crypto market, analyzing the behavior of large investors, or whales, can provide some insights. Recent data shows that Shiba Inu whales have become cautious, with both token inflows and outflows decreasing. The net flow of cryptocurrencies to whale wallets remains positive, but overall activity has declined. The volume of large transactions with Shiba Inu has also decreased, indicating that whales are holding onto their tokens and not actively buying or selling.
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