Shiba Inu Coin (SHIB) Trend Analysis 🚀🚀🔥

The trend of Shiba Inu Coin (SHIB) is indeed more sluggish.

For such a large-scale meme coin, whales and institutions usually need to go through multiple pull-ups, suppressions and sideways to absorb chips in order to build positions.

They have plenty of time, and they must suppress and sideways until investors get impatient and sell their chips. If you have experienced the big bull market in 2021, you will know that it took eight months for the whales to build positions and pull up.

And in 2024, SHIB also traded sideways between $0.000022 and $0.000026.

Therefore, if you want to operate this coin, you must be prepared to hold a long-term position. This coin is particularly suitable for small-capital operations, especially today, driven by huge whale purchases (worth $35 million), Shiba Inu Coin's burn rate soared 3,900%.

These factors, coupled with optimism about meme coins, are believed by institutional analysts to be a catalyst for SHIB price increases.

As the community continues to burn coins, SHIB's burn rate has jumped by about 3,900%.

Meanwhile, SHIB whales have accumulated up to $1.35 trillion in tokens in the recent rally, and a reduction in supply could cause SHIB prices to soar.

According to on-chain data monitoring, 9 wallet addresses belonging to 2 whale users spent $35.2 million to buy a total of 1.356 trillion SHIB in the past 12 hours, with an average price of $0.00002596.

According to the recent activity of giant whales and the market volume ratio, SHIB may have a big pull-up in June.

In fact, judging whether a coin has potential and whether it is possible to pull up, paying attention to the movements of giant whales and changes in news may help your operations.

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