CandleFocus Shiba Inu steady as CEX outflows and whale activity rise
2024-10-01
Author: Content Editor
The Shiba Inu (SHIB) meme coin has seen stability and a rise in value, along with other meme coins like Mog Coin (MOG), Pepe (PEPE), and Dogwifhat (WIF). On-chain data shows that Shibarium's network has reversed gains from the previous week. However, there has been an increase in whale activity and bullish investor sentiment, as indicated by outflows from centralized exchanges. Shiba Inu has experienced a significant increase in whale activity, and if it can flip the resistance at $0.000020 into a support level, more upside may be expected.
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