$#SHIPE

4 Trillion SHIB Purchased by Shiba Inu Investors – Reason Behind the Rally

Shiba Inu (SHIB) has seen significant price action recently, though it has struggled to clear a crucial resistance level. Despite the lack of sharp gains, investor sentiment remains high.

This is reflected in the ongoing accumulation of SHIB, as holders continue to buy the token despite its flat price.

Shiba Inu Investors See Profits

Over the past five days, the supply of Shiba Inu on exchanges has dropped by 4 trillion SHIB, worth over $115 million at current prices. This significant drop in the available supply suggests that investors are accumulating heavily. This reflects a fundamental belief that SHIB will eventually see significant price appreciation.

Despite the meme coin’s inability to clear key resistance levels, its community remains unaffected. Investors are showing resilience, betting on future market conditions that may enable SHIB to break out of its slump. The continued accumulation indicates confidence, especially in light of the general market trends, which have yet to provide sharp and sustainable price gains. The overall momentum of Shiba Inu is also increasing, driven largely by the actions of long-term holders (LTHs). These investors typically hold their tokens for more than a year, providing stability and reducing market volatility. currently,