🔴 $SHIB to Rise More than 50% 🔴
Whales Invest in Shiba Inu
In recent developments, Shiba Inu (SHIB) experienced a volatile week. Despite an initial surge on Saturday, the meme coin saw a 10% decline due to increased selling pressure from recent hacking incidents. Stability has since returned, and new data from whale activity offers intriguing insights.
According to Whale Alert, an anonymous whale amassed 2.70 trillion Shiba Inu coins valued at $48.34 million from the Robinhood crypto exchange. The whale’s address, starting with 0x40b38765, remains unidentified, adding to the mystery. Etherscan data shows this wallet holds Shiba Inu tokens worth $653.52 million, underscoring the whale’s confidence in SHIB and boosting optimism among smaller investors.
This large-scale purchase has sparked renewed optimism about Shiba Inu’s future. Lead developer Shytoshi Kusama recently emphasized the coin’s decentralized features, particularly in light of the recent CrowdStrike outage, further encouraging the SHIB community.
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