SHIB whales have stabilized after three consecutive days of decline, with stable whale activity

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From December 14 to December 19, the number of addresses holding at least 1 billion SHIB increased from 10,861 to 10,930, indicating that large holders made significant additions during this period.

This growth suggests that major investors (or 'whales') have increased their confidence in SHIB, as these investors often play a crucial role in driving market trends with their large holdings. This accumulation may indicate bullish sentiment and support price stability or upward momentum.

However, after reaching a peak of 10,930 whale addresses on December 19, the number began to decline and has stabilized at 10,875 over the past two days. The recent stabilization indicates that both accumulation and distribution by whales have paused, suggesting that whales may be waiting for clearer market signals before taking further action.

In the short term, this may mean that the price of Shiba Inu could consolidate, as the lack of significant whale activity may reduce volatility and momentum in either direction.

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