TL;DR
- Despite SHIB’s market drop, whales bought billions of tokens, with one transaction totaling $31 million.
- Predictions hint at SHIB nearing its price bottom, with the potential to reach an 8-month high soon.
- Recent Shibarium advancements and Shiba Inu’s token burn are highlighted as positive indicators for the coin’s future.
Whales Seem Undeterred Despite SHIB’s Plunge
The valuation of the popular memecoin – Shiba Inu (SHIB) – has recently dropped significantly in resonance with the entire cryptocurrency market. However, some whales took advantage of the relatively low price and stacked up more than 4.6 trillion tokens (equaling over $31 million).
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