Shiba Inu Quantity Soars? Whales Eat 1.67T! SHIB Repeats Legendary Path!

Shiba Inu (SHIB), as the world's second-largest crypto meme coin, is brewing a new bull market after consolidating for nearly 10 days. According to on-chain data, a large number of whales and institutional investors have begun to act, withdrawing up to 1.67 trillion SHIB tokens from exchanges.

Whales Buying Big, Confidence Sky High

According to on-chain data from November 7, SHIB saw a massive outflow from exchanges, marking the largest withdrawal action since last year. Such outflows typically precede sharp price fluctuations, indicating that investor confidence is strong, leaning more towards long-term holding rather than selling. After similar withdrawal actions last year, SHIB's price once soared by 62%, and the market is eagerly anticipating whether this will happen again.

Additionally, according to a report from on-chain analytics firm IntoTheBlock, large transaction volumes increased by 98% in the past day, showing a rapid rise in investor activity. If historical patterns hold true again, SHIB may welcome a strong rebound.

The Next SHIB? The Legendary Story of Puppies is Unfolding

With the rise of SHIB, enthusiasm for meme coins in the market is soaring, and the emerging token Puppies is attracting more and more attention. Some analysts believe that Puppies may have the potential to take over SHIB's baton and become the next meme coin king in the crypto market.

1. Continuation of Brand Image and Meme Culture

Puppies continue the cute culture of meme coins, but compared to SHIB, Puppies' brand image is more approachable and favored by the younger generation and pet lovers.

3. On-Chain Data Supports Its Potential

The number of holding addresses for Puppies and large transactions is increasing daily, and the recent market circulation supply has significantly decreased, indicating a high level of trust from investors in its prospects. The activity and popularity of its community are also continuously rising, with several crypto market opinion leaders beginning to pay attention to this new token.

If SHIB is the legend of the last meme coin bull market, then Puppies could very well become the new favorite of the next bull market! For those investors who missed out on SHIB, Puppies is undoubtedly an excellent opportunity. Will you miss it?