**Shiba Inu Frenzy: Investors on Buying Spree, Whales Cashing Out ๐**
Shiba Inu (SHIB) is creating a buzz! According to IntoTheBlock data, investors holding between 0.1% and 1% of the total SHIB supply snapped up 1.71 trillion tokens in a day, coinciding with a 9% price spike for SHIB. ๐
**Whales Taking Profits, Smaller Investors Going All In ๐ธ**
The data shows a fascinating trend: mid-tier investors are aggressively accumulating, while whales (holding over 1% of SHIB) and retail investors (holding less than 0.1%) are reducing their stakes. ๐
- **Investors (0.1% - 1%):** Increased their SHIB stash by 1.71 trillion, now holding 138.03 trillion SHIB, or 14.09% of the circulating supply. ๐พ
- **Whales (over 1%):** Decreased their holdings by 270 billion to 580.05 trillion. ๐
- **Retail Investors (less than 0.1%):** Reduced their holdings by 1.45 trillion to 261.63 trillion SHIB. ๐๏ธ
This divergence in sentiment shows mid-tier investors betting on future price increases, while whales and retail investors are cashing in on recent gains. ๐ผ
**Price on the Rise, But Can it Stay Up? ๐**
The buying spree by mid-tier investors led to a 9% price jump for SHIB and surged trading volume to $709 million on May 20th. ๐ However, there are mixed signals as investors moved SHIB off exchanges on May 20th but then returned them on May 21st, indicating possible profit-taking. ๐ฆ
**Will SHIB Reach for the Stars? ๐ **
Some market watchers are optimistic about SHIB's future, predicting a potential rise to $0.00051, though the crypto market's volatility means predictions should be taken with caution. โ ๏ธ
**Remember, This Ain't Financial Advice! ๐ซ**
