Summary of the content:
Shiba Inu (SHIB), a popular meme cryptocurrency, has witnessed significant institutional interest recently. Whale investors holding between $1 million and $10 million worth of SHIB tokens increased their holdings by 425% over 30 days. SHIB is consolidating near the resistance level of $0.000029.
Technical analysis suggests potential for a 50% surge to $0.000044 if the price breaks above $0.0000295. Open interest dropped 10.25% in 24 hours, indicating position liquidation. Trading volume decreased 17%, and the price declined 5.20% in 24 hours.
Source
<p>The post Whales Accumulating SHIB as Meme Cryptocurrency Shows Institutional Interest Amid Price Consolidation first appeared on CoinBuzzFeed.</p>
