SHIB whales stabilize after three consecutive days of decline, indicating 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 significant accumulation by large holders 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 due to 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 stabilized at 10,875 over the past two days. The recent stability indicates that whale accumulation and distribution have paused, suggesting that whales may be waiting for clearer market signals before taking further action.

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

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