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Sujit Kumar
Dec 21, 2024
by Sujit Kumar

Shiba Inu Sees Surge in Whale Activity Amid Price Recovery

Shiba Inu Sees Surge

Table of contents

  1. Price Rebound and Market Optimism
  2. Shiba Inu’s Evolving Ecosystem
Shiba Inu (SHIB) is experiencing a significant uptick in whale activity as key holders push to reclaim price momentum. According to data from crypto analytics platform IntoTheBlock, SHIB whales moved 12.16 trillion tokens in just 24 hours, marking a 41% surge in large transactions. More than 520 transactions valued at $100,000 or more were recorded during this period, showcasing increased interest among major investors.

Price Rebound and Market Optimism

SHIB’s price recently dropped from $0.00002395 to a low of $0.0000186, but the renewed activity among large holders suggests optimism for a rebound. Analysts believe sustained whale momentum could propel SHIB’s price back to $0.000025. The recent inactivity among whales, attributed to market latency during a price slump, has shifted toward active accumulation, signaling confidence in the token's potential recovery.

Shiba Inu’s Evolving Ecosystem

Unlike many meme coins, Shiba Inu has built a foundation for sustained growth through innovation and community engagement. The Shibarium layer-2 blockchain continues to achieve key milestones, while the project’s team has rolled out new products, token listings, and airdrops to strengthen its ecosystem.

These developments underscore Shiba Inu’s transformation from a hype-driven meme coin to a project with solid fundamentals, attracting both retail and institutional interest. With a bullish trading volume and whale-driven momentum, SHIB appears poised for further growth.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Shiba Inu Sees Surge
Shiba Inu Sees Surge in Whale Activity Amid Price Recovery
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.