Something is happening with $SHIB
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According to data from IntoTheBlock, $SHIB Inu is experiencing a significant 602% increase in the movement of tokens by large holders, indicating a notable accumulation by whales. This significant development aligns with a recent decline in the price of Shiba Inu over the past two days.
Shiba Inu has dropped in value for two consecutive days amid bearish sentiment prevailing in the cryptocurrency market. The decline in Bitcoin and broader crypto prices towards the end of the week followed the release of a robust inflation report, leading to speculation that the Federal Reserve may delay interest rate cuts.
Could we see a spike in price in a few days?
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