A major Shiba Inu whale has significantly increased its holdings, sparking excitement among investors. According to recent data, this whale has accumulated 98.196 billion SHIB tokens, worth $2.54 million, from the crypto exchange Coinone.¹ This massive buying has ignited a market frenzy, with investors anticipating further gains in the token's price.
The whale's holdings have surged to $21.72 million worth of SHIB, with an average price of $0.00001842. This significant accumulation has led analysts to predict a potential price target of $0.000037 for SHIB.
It's worth noting that Shiba Inu whales have been increasing their holdings by 425% in the past 30 days, indicating strong institutional interest.² This, combined with the overall bullish sentiment in the crypto market, could pave the way for significant price movement.
As of now, SHIB is trading at $0.00002595, with a 24-hour low and high of $0.00002494 and $0.00002609, respectively. With the current momentum and whale activity, it's exciting to see where SHIB will head next.