Shiba Inu Whale Activity Soars 258%, Sparking Market Frenzy 🔥🔥🔥

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SHIB whale trading volume surges

According to IntoTheBlock data, Shiba Inu (SHIB) whale trading volume increased by 258% within 24 hours, with large transactions amounting to 64.2 trillion SHIB (175 million USD).

Despite the significant increase in trading volume, the SHIB price only rose by 0.27% to $0.000027, indicating that the market may be in a consolidation phase.

What does the whale activity signify?

Increased whale activity may indicate that large holders are preparing for market volatility or accumulating SHIB. If the SHIB price rises, it may suggest that large holders are optimistic about its long-term potential.

SHIB needs to break through the resistance level of $0.00003 to initiate a new upward trend; if the price drops, the focus may shift to the support level of $0.000025.

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