đłWhales are betting big on #ShibaInu! Despite a 11% dip in SHIB's price, these big players have gobbled up a whopping 30 trillion tokens in May alone.đ
- SHIB's current trading price is around $0.000024, down from its March high of $0.0000457.
- Even the Ethereum ETF approval couldn't spark a buying frenzy.
But, why the whale love?đ€
- Data from IntoTheBlock shows aggressive accumulation throughout May.
- On May 20, whales grabbed 1.7 trillion SHIB tokens.
This suggests strong faith in SHIB's long-term potential.đ
What's new with SHIB?
- Coinbase launched perpetual futures contracts for SHIB, boosting trading volume by 43%.
- SHIBâs burn rate soared by 579% on May 19, reducing market supply by 12.70 million tokens.
Got thoughts on the whale's SHIB love? Drop 'em below!đ #DeFi #CryptoNews