Turning the Downward Trend into an Opportunity, the Whale Made a Loaded Purchase: The Latest Situation in the Price of the Popular Meme Coin

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New investors who joined the cryptocurrency market have largely exited the market by ending their short-term positions following the recent withdrawal. Leader Bitcoin‘s as well as Shiba Inu and Dogecoin crypto currencies such as have suffered significant losses. But on the other hand, whales, which are called crypto millionaires or billionaires, have stepped in.

Traces of the Market Retreat

During the global market correction Shiba Inu it has registered a value of over 16%. Bitcoin gave signals of recovery after its daily loss of 10%. After yesterday’s sale, Shiba Inu followed a bumpy chart in one day. SHIB, Has been moving in a narrow range since December 26 and has not yet been able to cross either border.

Some whales are in significant quantities SHIB when buying, there was no reaction from the market at all. The volatility of the SHIB token remained low, as both buying and selling pressure decreased according to the volume indicator.

The popular meme coin Shiba Inu makes important attempts to get rid of the joke cryptocurrency tag. The Shiba Inu team, which has embarked on a metaverse study, wants to add important names to its team and make its name mentioned in this field.

Whales Increase Their SHIB Transactions

Before the crypto currency market suffered losses of more than 10% in 24 hours, the largest 1000 Ethereum wallets entered USDT and other fixed crypto currencies on the network SHIB it has shed more than 8% of its assets. However, according to current data, whales are increasing their transactions with about $ 1 billion in assets in wallets. According to data reflected in Etherscan, a whale has purchased about 35 billion SHIB tokens.

Yet Shiba Inu although its price has not reacted positively, it seems to have stopped its downward trend. The Shiba Inu price is trading at the 0.000040 dollar levels at the time of writing.

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