Whale Frenzy: Shiba Inu (SHIB) surges 265% on big trades, could price breakout?

Nod your head to live and watch the live broadcast to catch the bull market!

A surge in whale trades in Shiba Inu (SHIB) has caught the market's attention, with large trades worth $100,000 and above surging 265% in a short period of time, showing renewed interest from large investors. Over the past day, 3.75 trillion SHIB tokens changed hands, in stark contrast to the previous 1 trillion tokens, with the total amount surging from $23.06 million to $84.24 million.

Whale recovery: A sign of market recovery?

The recent resurgence in whale activity comes on the heels of a wave of profit-taking experienced by Shiba Inu. Large-ticket transactions previously declined significantly in mid-December, but the recent rebound in trading volume suggests that big players may be preparing for a market recovery in 2024.

Can the price hit $0.00004?

Currently, SHIB is priced at $0.00002229, up 3.1% in the past 24 hours. To hit $0.00004, not only whales need to continue to increase their positions, but also more favorable indicators are needed, including:

Increased network activity: higher user engagement and active address growth.

Accelerated token burning: Increases scarcity by reducing circulating supply.

Market enthusiasm has heated up, but whether it can continue to rise requires further observation of the interaction between whale behavior and other market factors.

Nod your head to live and watch the live broadcast to catch the bull market!