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Shiba Inu (SHIB) Could Mirror DOGEās Price Movement
Data shows an increased exchange outflow of Shiba Inu. This data shows that the cumulative amount of $SHIB
tokens that have been moved to other wallets is slightly over 1.67 trillion SHIB, or about $41 million. This situation has traditionally been followed by an increase in Shiba Inu prices, which has been supported by previous outflow trends.
Shiba Inu also closely mirrors Dogecoin ($DOGE
) price movements. DOGE is anticipated to rise further, in part because Elon Musk is associated with the Trump administration, and Shiba Inu might follow. With DOGE expected to rise further, partly due to Elon Muskās involvement in the Trump administration, Shiba Inu may follow suit. Dogecoin has tripled in value after large rallies, raising hopes that Shiba Inu could experience similar growth. Several factors, including these trends, are likely to impact SHIBās future price trajectory.