Shiba Inu price whales load up as price hovers 90% below peak near key $0.0000095 wall
NeutralCryptocurrency

- Shiba Inu (SHIB) is currently trading at approximately $0.0000085, remaining about 90% below its peak value. The price is fluctuating within a range of $0.0000075 to $0.0000095, with $0.0000075 serving as the first support level. This situation has led to a mix of market sentiments, oscillating between boredom and anticipation of potential price movements.
- The current price level and whale activity, which has surged to a six-month high with significant transactions, indicate that large investors are accumulating SHIB. This could signal confidence in a future price recovery, especially as the market shows signs of structural shifts and increased burn rates.
- The broader cryptocurrency landscape is witnessing heightened interest in meme coins, particularly following the launch of a Dogecoin ETF, which has sparked speculation about a potential Shiba Inu ETF. Additionally, recent developments, such as the Shiba Inu debit card launch and regulatory recognition in Japan, reflect a growing acceptance and utility of SHIB, despite challenges like the Shibarium hack fallout.
— via World Pulse Now AI Editorial System

