Shiba Inu whales are also not left out of the game this week

In the past week, Shiba Inu whales have continued to be active, with one prominent whale holding about 10% of the total SHIB supply, divided into 150 different wallets. This is one of the notable transactions in cryptocurrency history, especially when this whale bought 103 trillion SHIB for just $10,000 in 2020, and this amount is now estimated to be worth around $2.5 billion.

Despite the overall cryptocurrency market being quite volatile, SHIB still experienced an impressive growth of 13.3% in the past 24 hours, showing the appeal and sustainability of this crypto in the eyes of investors. However, instability remains as the price of SHIB has decreased by about 20% over the past month, from its historical peak at the end of October. The whales continue to maintain their positions, which may help stabilize the price of SHIB during difficult times.

Overall, the involvement of whales in the Shiba Inu market not only reflects confidence in its long-term value but also has a significant impact on the price movements of this currency in the market.