The Shiba Inu (SHIB) community is optimistic about the future of the meme coin, as large holders, known as whales, are buying the dips and reversing the trend. Recently, whales offloaded over 621 billion SHIB tokens from crypto exchanges, which is one of the highest exchange outflows in the last two weeks. Historical data suggests that the price of SHIB tends to go higher after significant exchange withdrawals, leading to potential gains in the market. Currently, SHIB is trading at $0.0000147, with a minor price increase of 0.95% in the past 24 hours and a 10.26% increase over the last seven days. The community is hopeful that the coin may reach new highs with the support of these whale investors.
Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”