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Title: 2.4 Trillion Shiba Inu (SHIB) in 24 Hours: Are Whales Bullish?
The past 24 hours have been nothing short of remarkable for the Shiba Inu community, as a staggering $2.4 trillion in SHIB transactions has taken place. While it may seem like an absurd figure to some, this monumental increase in activity could be indicative of whales entering the scene.
At its current price point around $0.000028 per SHIB, it’s crucial to consider the context of the price action. The token has been trading within a remarkably narrow range for quite some time, which is often characteristic of the accumulation phase. This suggests that major investors in the Shiba Inu token are actively accumulating the asset at an increasing rate.
While this may not be immediately evident in the chart, it’s essential to keep in mind that the SHIB price has been stuck in a narrow range for quite some time. Given the context and data provided, it is reasonable to assume that whales have entered the scene and are aggressively buying up the asset.
The implications of such an event could be significant, as this may ultimately lead to a significant upward movement in the SHIB price.
Source: u.today
