- Shiba Inu’s whale accumulation fuels optimism, hinting at a potential price rally ahead.
- Despite recent corrections, SHIB demonstrates resilience with a 2.88% price jump.
- Derivatives data suggests heightened investor interest in SHIB, with significant increases in open interest and trading volume.
Shiba Inu backers, as reported by Shiba Inu on their social media X page, the golden moment has arrived when the meme currency is set to soar to new heights. Recently, a SHIB whale stunned the crypto community by acquiring the same asset and injecting a new wave of positive sentiment into the entire ecosystem.
Time to fly high $SHIB #shibaArmy
— Shiba Inu (@ShibainuCoin) April 8, 2024
Whale Alert, the blockchain tracker, reported a jaw-dropping accumulation of 692.40 billion SHIB tokens, valued at a whopping $19.26 million, from Crypto.com. This massive acquisition by the whale couldn’t have come at a more pivotal moment amidst SHIB’s recent price corrections and sideways movement.
A single entity’s substantial accumulation of SHIB tokens has ignited a sense of increased confidence in the asset despite its current sideways momentum. It’s widely regarded in…
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