SHIB Whales Bets on 70% Upside, Short-Term Investors Pose Risk
Shiba Inu (SHIB) has had a tough week, dropping 13% in value. Despite the decline, a group of whales have shown their confidence in the leading meme coin, steadily increasing their holdings over the past weeks.
However, short-term holders (STHs) have sold their tokens, adding pressure to the price. This analysis explores why selling activity by STHs may prevent SHIB from having any significant short-term rally.
Shibah Inu Whales Resist Short-Term Holders
BeinCryptoâs assessment of the Shiba Inu supply distribution shows that a group of whale investors holding between 10,000 and 100,000 tokens have increased their supply over the past weeks.