🗣️🔥🐕Shiba Inu Attracts More Whales, Accumulating Over 4.35 Trillion Tokens Since March
According to on-chain data provided by Santiment, SHIB whales addresses have accumulated a staggering 4.35 trillion tokens since March.
In particular, wallets holding between 100,000 and 1 million SHIB tokens and those with at least 1 billion tokens have seen their cumulative balances skyrocket. This surge in accumulation began during the late February meme coin craze, which saw SHIB prices surge to surprising heights, ultimately reclaiming its 27-month high above $0.000045 in early March.
With the SHIB price approaching the end of a bearish pattern that has persisted since March 5, the market is closely watching whether the coin can defy the odds and invalidate this pattern or if a breakdown is inevitable. As speculation mounts, fueled by whale activity and rumors of potential CEX listings, Shiba Inu's price analysis remains positive, with indicators like the RSI and MACD signaling intense buying pressure and bullish momentum.
