CandleFocus Shiba Inu (SHIB) Whales Wake up With 8.7 Trillion Surge
2024-10-02
Author: Content Editor
The recent surge in whale activity for Shiba Inu (SHIB) has been revealed by analytics company IntoTheBlock. The quantity of significant transactions on the blockchain has sharply increased, with 383 in the past 24 hours alone, reaching a seven-day high. Whales have also moved a staggering 8.27 trillion SHIB tokens, indicating a potential market shift. This increased whale activity may signal an upcoming price recovery or further market consolidation. However, given the potential for price corrections following sharp movements, caution is advised. Traders should closely monitor market developments and price charts for SHIB, as it is currently experiencing higher than usual volatility and losing value.
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