SHIB Whales Bets on 70% Upside, Short-Term Investors Pose Risk
Shiba Inu (SHIB) had a tough week, dropping 13% in value. Despite the decline, a group of whales showed their confidence in the leading meme coin, steadily increasing their holdings over the past weeks.
However, short-term holders (STHs) sold their coins, adding pressure to the price. This analysis explores why selling activity by STHs may prevent SHIB from having any significant rally in the short term.
