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Title: Shiba Inu Whales Awakening: Will SHIB Price Follow?
Shiba Inu, the self-proclaimed “doggie” cryptocurrency, has seen a peculiar 112% surge in trading volume over the past 24 hours. The sudden and unexpected increase in whale activity has sparked intense speculation among investors and analysts alike.
As of this writing, SHIB’s price is sitting at $0.00001274, up 2.04% on the day and reversing its weekly losses with a mere 0.55% decline. This sudden uptick in trading volume raises several questions regarding the long-term viability of the asset and whether the whales’ awakening will translate to meaningful gains for holders.
In an unprecedented move, SHIB’s trading volume has surpassed that of other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP, which are often considered more stable. The sudden surge in whale activity is attributed to a mix of factors, including the broader market rebound following last week’s massive sell-off.
The crypto community will be keeping a close eye on additional on-chain data and market sentiment to determine SHIB’s next move.
Source: https://u.today/shiba-inu-whales-awakening-will-shib-price-follow
