SHIB price drops, whales buy a large amount of Shiba Inu coins, is the rebound coming?
The Shiba Inu ecosystem frequently trends, and despite being a relatively young meme coin, its appeal cannot be underestimated. The attention from whales has undoubtedly sparked enthusiasm among investors, prompting everyone to reassess the potential of this token. Recently, the price of SHIB has declined, falling by 17% in the past 30 days, and the SHIB community hopes that the start of 2025 will not be a bad omen.
However, SHIB's whales are clearly taking advantage of the recent price pullback to buy in. According to data from a cryptocurrency market expert obtained by Crypto.com from the X platform, one whale transferred approximately $39 million worth of 1.6 trillion SHIB tokens from Crypto.com to a private wallet. In the world of cryptocurrency, the activities of whales are always exciting! When these large holders enter the market, it often heralds imminent price fluctuations.
Recently, whales have been frequently entering and exiting the market, seemingly preparing for a new round of accumulation. All of this fills us with anticipation for SHIB, especially at a time when it desperately needs a rebound. Meanwhile, the Shiba Inu team is also taking active steps, recently releasing new announcements aimed at injecting new vitality into the SHIB price. This undoubtedly brings more hope to the market.
Whether it's the active positioning of whales or the efforts of the team, both have sown seeds for SHIB's future. The developers of Shiba Inu announced the highly anticipated TREAT token, surprising the market. This brand new token is expected to launch on January 14th. "The new year starts with TREAT," the team stated in the announcement. "The wait is over, TREAT will be launched this January. Let's warmly welcome 2025!"
Despite the SHIB community's enthusiasm, its market performance has been underwhelming, with the current price still more than 70% lower than its all-time high, causing anxiety. The latest whale trading activity has hardly pushed up the price of Shiba Inu. At the time of writing, the token has risen by less than 0.01% in the past 24 hours. Shiba Inu's market capitalization is $12.78 billion, down 8.75%, similar to the price trend.
