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Over the past week, a significant increase has been observed in the number of SHIB whales, who have intensified their activities or surfaced anew. Despite the current lull in large transaction volumes, these whales have played a pivotal role in sustaining Shiba Inu’s (SHIB) growth momentum.
The recent surge in whale activity can be attributed to the strong sentiment surrounding this digital currency. The price of SHIB is currently at an extremely low discount level, which creates a rare long-term positive trade setup. If the broader SHIB community and the over 213 addresses holding at $0.000027 fail to sell their assets, there’s a possibility that the SHIB price could reach the $0.00003 mark in the short term.
In this context, it is essential to emphasize the significance of whale activity for the sustainability of SHIB’s growth momentum.
Source: u.today
