#SHIBA_INU (SHIB), like many cryptocurrencies, is influenced by a combination of technical, social and psychological factors. Here I delve into its influence on investors and the so-called “whales”:

1. FOMO (Fear of Missing Out):

SHIB has gained popularity on social media and has become a FOMO phenomenon. Investors fear missing out on the quick gains that others seem to be making.

The idea that SHIB could be the next Dogecoin (which also started as a joke) has attracted many investors.

2. Community and Memes:

The SHIB community is active on platforms such as Reddit, Twitter, and Telegram. Memes and viral messages have contributed to its growth.

Investors feel part of something bigger, which increases their commitment to the currency.

3. Influence of Whales:

The “whales” are investors with large amounts of SHIB. Their movements can significantly affect the price.

If a whale sells a large amount of SHIB, it can cause a drop in price. On the other hand, if they accumulate more, it can drive an increase.

4. Elon Musk Effect:

Elon Musk's tweets and comments about SHIB have had a direct impact on its price. For example, when Musk changed his Twitter bio to “Ex-CEO of Dogecoin,” the price of SHIB rose.

The influence of public figures like Musk is an important factor in investment decisions.

5. Extreme Volatility:

SHIB is highly volatile. Investors can gain a lot or lose it all in a short time.

Volatility attracts some investors looking for quick profit opportunities, but it can also scare away others.

6. ShibaSwap and New Developments:

The upcoming ShibaSwap, a decentralized exchange, could be a game-changer for SHIB.

Investors are keeping an eye on developments and announcements related to ShibaSwap.