Shiba Inu (SHIB) Whale Activity up 48%, Here's How Much Was Moved
Shiba Inu has seen remarkable jump in its whale activities in hopes of printing bullish recovery...
- Shiba Inu (SHIB) has seen a reversal of its recent gains as the overall market momentum turns bearish.
- Despite the bearish price metric, Shiba Inu shows promise due to increased whale activity within the ecosystem.
- The number of large transactions on the Shiba Inu protocol has surged, with a cumulative sum of $10.96 million moved.
- This increase in whale activity has contributed to the growth in the overall trading volume of the meme coin ecosystem.
- Shiba Inu buyers may need to capitalize on growth triggers such as whale and retail buyers, as well as metrics on the Shibarium protocol, to revive its growth trends.
The sentiment of the article is generally positive, highlighting the potential for growth and revival in Shiba Inu's price due to increased whale activity and adoption.