Shiba Inu (SHIB) has seen a significant price increase, driven by increased whale accumulation. A single whale withdrew 220 billion SHIB tokens worth $4.63 million in just 24 hours, adding to the 2.3 trillion tokens accumulated by whales over the past week. This buying pressure has pushed SHIB's price up by 10% in the past three days, with continued daily gains. Analysts attribute the recent upswing to whale confidence and a buying opportunity presented by the previous downward trend.
Shiba Inu whale has accumulated 220 billion SHIB tokens worth $4.63 million in 24 hours as whales accumulate 2.3 trillion tokens over the past week.has started 2025 on a high note. Since New Year’s Eve, the memecoin has surged from $0.000020 to a high of $0.000022. This marked a 10% increase over the past three days.
Prior to these gains, the memecoin had been on a downward trajectory. As such, SHIB had dropped by 25.50% on monthly charts. Notably, when whales turn to accumulation, it shows their confidence in the market as they anticipate more gains after taking the recent dip as a buying opportunity.As expected, the increased whale activity has positively impacted SHIB. As such, at press time, the second-largest memecoin was experiencing strong buying pressure and an upward momentum.
Simply put, Shiba Inu is currently experiencing strong bullish sentiments and upward momentum as investors utilized the recent dip to accumulate.
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