SHIB is currently trading at $0.00002532, experiencing a decrease of 1.76%.
In the recent hours, large holders have accumulated 1.356 trillion SHIB tokens.
The Shiba Inu (SHIB) token has seen a surge in whale activity, as shown by recent data from Lookonchain indicating significant investments by big holders. Over the past 12 hours, nine wallets, including two massive whales, have acquired 1.356 trillion SHIB tokens at an average price of $0.00002596. This amounted to a total investment of $35.2 million, demonstrating confidence within the SHIB community despite market fluctuations.
Within the last six hours alone, an investor spent approximately 4,849 ETH, valued at $18.44 million, to purchase 715.9 billion SHIB tokens. This purchase reflects a bullish trend among cryptocurrency whales, taking advantage of lower prices during the market downturn. Previously, this investor had invested about $400,000 in SHIB, acquiring a significant amount of tokens and making a profit of $121 million, establishing themselves as one of the prominent SHIB traders.
Recent whale activities suggest that large investors are transferring their assets from centralized exchanges to more secure environments in significant numbers. This not only indicates their long-term interest in SHIB but also demonstrates a strategic approach to managing the asset amidst the market’s downtrend.
The token is currently trading at $0.00002532, showing a decline of 1.76% in the last 24 hours. The market cap remains at $14.91 billion, with trading volume dropping to 30.07% at $395 million. The Relative Strength Index (RSI) stands at 51.79, indicating a neutral level between bullish and bearish positions.
A decrease in the token’s volatility has resulted in lower trading volume, suggesting some investors are cautious while whales are entering the market. Market sentiment is currently neutral, reflecting recent price movements without a clear bullish or bearish trend.
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