Shiba Inu (SHIB) rebounds nearly 30%, whale selling phenomenon attracts market attention”

Brothers, you can follow the wave and it will be broadcast online later to analyze market trends.

Shiba Inu (SHIB) has seen a significant rebound in price action over the past day, resuming its nearly 30% gains, surging from $0.00001860 to $0.00002404, performing similar to Bitcoin’s. Although SHIB plunged more than 17% on Friday, the rebound has investors cheered. However, SHIB's cumulative decline since December 12 has reached 37.6%, indicating that market sentiment remains cautious.

Notably, some whales began selling their long-term holdings of SHIB. In particular, one early whale transferred its 400 billion and 250 billion SHIB holdings to the cryptocurrency exchange Gemini respectively, indicating that these whales may be gradually exiting the market. The whale purchased approximately 12 trillion SHIB since 2020 and has held it for the past four years. Despite increased selling activity, the whale currently holds approximately 2 trillion SHIB.

The movements of these whales may affect SHIB's price movements, and investors need to pay close attention to SHIB's support level and further trading behavior of whales in the next few days.

Brothers, you can follow the wave and it will be broadcast online later to analyze market trends.