Shiba Inu (SHIB) has recently experienced a notable price decline, settling at $0.000015. However, this decline has not discouraged major investors. Instead, it has presented a significant buying opportunity for large holders, often referred to as “whales.” A recent acquisition by a new wallet has highlighted this trend, with the wallet accumulating over 583 billion […]
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- Whale accumulates 583B SHIB from Binance as the price hits $0.000015.
- Shiba Inu finds strong support at $0.000015 with 91.7T SHIB held by 49,000 addresses.
- Increased SHIB demand and reduced selling pressure indicate bullish sentiment.
Shiba Inu (SHIB) has recently experienced a notable price decline, settling at $0.000015. However, this decline has not discouraged major investors.
Instead, it has presented a significant buying opportunity for large holders, often referred to as “whales.” A recent acquisition by a new wallet has highlighted this trend, with the wallet accumulating over 583 billion SHIB tokens from Binance, valued at approximately $9.725 million. This movement indicates strong confidence in the token’s future, even amid a broader market downturn.
The recent activity of the whale extended beyond Shiba Inu to include other major cryptocurrencies like Ethereum, PEPE, and Binance Coin (BNB). This wallet’s total assets now total around $130 million, demonstrating a diversified investment strategy. The accumulation of SHIB and other assets suggests a calculated move to capitalize on the lower prices across the market.
Source Etherscan
Sh…
The post Shiba Inu Whales Accumulate as Retail Investors Panic Sell appeared first on Coin Edition.
