Shiba Inu (SHIB) Whales Might Determine the Price Momentum as They Move 12.16 Trillion Tokens

Shiba Inu (SHIB) is getting a major defining moment as whales within the ecosystem are currently pushing for new heights.

Cryptocurrency whales are playing a key role in the price movements of Shiba Inu (SHIB). As per data from the crypto analytics platform IntoTheBlock, SHIB whales have moved 12.16 trillion tokens over the last 24 hours, a 41% increase in彙款 volume during this time frame.

With a price rebound in the meme coin, the actions of SHIB whales could largely determine the price momentum.

Over the 24-hour period, the meme coin witnessed more than 520 large transactions, each valued at a minimum of $100,000. The rationale behind this hyped accumulation or transaction volume is evident.

During the past week, SHIB’s price took a hit, falling from $0.00002395 to a low of $0.0000186. However, with the large holders’ interest returning, it becomes possible for SHIB to recover the lost ground.

As observed earlier this week, SHIB whales had largely disappeared during a period of price decline. Their reemergence now signals optimism, with prices likely to push to $0.000025 if the ongoing whale momentum is sustained.

Shiba Inu Price Analysis: SHIB Price Could Hit $0.000025 If Whale Momentum Continues

Despite the sustained hype in the Shiba Inu ecosystem, the SHIB whales might make a real difference. Over the 24-hour period, the meme coin has seen more than 520 large transactions, valued at at least $100,000.

The motivation for this hyped accumulation or transaction remains visible. In the past week, Shiba Inu’s price suffered a severe slump, falling from $0.00002395 to a low of $0.0000186.

With the reboot in large holders’ embrace, it becomes feasible for SHIB to reclaim lost grounds.

As observed days ago, SHIB whales disappeared in what is considered a latency period amid a price decline. Their reemergence signals optimism, with prices likely to push to $0.000025 if the ongoing whale momentum is sustained.