621 Billion SHIBA INU (SHIB) Tokens Moved in 24 Hours: What’s Happening?
The Shiba Inu (SHIBUSD) community has always supported the meme coin during challenging times, and now whales are stepping in again. Despite its recent positive performance, SHIB remains in a long consolidation phase. However, large holders are re-entering the market, signaling a potential reversal.
SHIB is in a prime buying phase, with its sideways movement offering a great entry point. While some remain cautious, whales have begun accumulating as the price remains low, expecting an upward trend.
📈 Whale Activity:
On September 23, whales withdrew over 621 billion SHIB tokens from crypto exchanges, according to CryptoQuant data. This is one of the largest outflows for SHIB in two weeks, with the tokens valued at around $9.11 million based on current prices.
What Could This Mean for SHIB’s Price?
Historically, Shiba Inu's price tends to rise following significant exchange outflows. While there may not be a major rally due to other influencing factors, a modest price increase is likely. As of now, SHIB is trading at $0.0000147, with a 0.95% rise in the last 24 hours and a 10.26% gain over the past week. Whale activity suggests SHIB could aim for new highs.
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