The dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant increase in whale moves, with large transaction volumes rising 258% in the past 24 hours. This surge in activity has led to speculation about the potential catalysts behind the increased interest among whales. Despite the notable rise in transaction volumes, the price of Shiba Inu has only seen a marginal increase of 0.27%. This suggests that while whale activity has intensified, it has not yet resulted in a significant price movement. The increase in whale activity may indicate preparations for larger market moves or accumulation by large holders, potentially signaling optimism in SHIB's long-term potential. The future price movement of Shiba Inu will depend on the sustained break of resistances or a continuation of the current price decline.



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