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Shiba Inu (SHIB) Sees Surge in Whale Activity and Burn Rate, Sparking Rally Speculation

1 min read
Source: U.Today
Shiba Inu (SHIB) Sees Surge in Whale Activity and Burn Rate, Sparking Rally Speculation
Photo: U.Today
TL;DR

Shiba Inu (SHIB), a meme-inspired cryptocurrency, saw significant whale activity with major holders increasing their holdings by over 1 trillion SHIB in 24 hours, according to IntoTheBlock. This surge in large holder inflows, amounting to $1.98 trillion, coincided with a 19.2% price increase, breaking a key resistance level. The correlation between whale buying and price growth raises questions about the driving force behind the rally, with the coming week expected to reveal if this trend will persist.

Topics:businesscryptocurrency#cryptocurrency#investments#pricerally#shibainu#whaleactivity
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  1. 1 Trillion SHIB in 24 Hours: Whale Activity Signals Massive Rally  U.Today
  2. 1,003,000,000 SHIB in Single Hour – What’s Happening?  U.Today
  3. The 3 Best Shiba Inu (SHIB) Substitutes That Might Make $700000 from $700 in the Next 7 Months  Brave New Coin Insights
  4. How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005 and $0.005  The Crypto Basic
  5. Shiba Inu Burn Rate Sees Massive 2,296% Spike In One Day, Are The Bulls Back | Bitcoinist.com  Bitcoinist

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