Shiba Inu (SHIB) Whales Inspire Ambitious SHIB Price Surge


18 Nov 2023 2:12 PM

Shiba Inu (SHIB) whales are responsible for token's dramatic price rebound...

  • Shiba Inu (SHIB) is showing a bullish divergence, with its price decoupling from the sell-off affecting other altcoins.
  • Whale activity in SHIB has increased significantly, with a 162% jump in large transactions valued at $100,000 or more.
  • The strategy of buying at discounted prices and increasing holdings is working for whales, leading to potential volatility and a slight sell-off in the short term.
  • Despite a slowing burn rate, the community is eagerly awaiting updates and innovations from the core developer team to sustain the current price outlook.

The article highlights positive developments for Shiba Inu, such as the bullish divergence and increased whale activity. However, it also mentions potential volatility and a slowing burn rate, which may impact sentiment.

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